What if the labor market is turning a corner? This week on Basis Points, Kevin Flanagan discusses the “other side of the trade” asking whether the Fed and bond market may be underestimating the strength of the jobs picture. With recent Fed commentary focused on labor market risk, Kevin considers the possibility that we’ve already seen the softest prints and how that could shape the path forward for rates and investor expectations.

Basis point: 1/100th of 1 percent.

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