Inflation risks still greater to the downside. The low response rate of JOLTS (31% down from 44% in 2021) argues JOLTS might be overstating labor market strength. Thus, risk/reward still favorable into YE. Array ( [cookie] => c1ad16-41b0f5-86a520-f92638-32323b [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [visitor_id] => 208701 [user_id] => [reason] => [method] => ) 1 and can accesss

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