Good morning readers.
Phil Rosen here. It's jobs day today.
If the reading comes in too hot, the Fed's going to have even more ammunition to push interest rates higher in the coming months — and every move higher
tightens the screws on the economy
even more, ramping up risk of a recession.
Before the new data comes out at 8:30 a.m. ET,
let's break down what to expect
.
This post first appeared in 10 Things Before the Opening Bell, a newsletter by Insider that brings you the inside scoop on what traders are talking about — delivered daily to your inbox.