Is the market "scaring itself"? With severe K-shaped economic divergence, what justifies the Federal Reserve's rate hikes?
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An unexpectedly high non-farm payroll report has pushed market concerns about a Fed rate hike to new highs—yet this liquidity tightening panic is likely more a case of “scaring itself” by the markets.
On the evening of June 5th Beijing time, the US Department of Labor announced a May