Daniel Lacalle says Fed policy is already weighing on the U.S. labor market and argues further rate hikes look unnecessary. He points to private payroll growth

Daniel Lacalle says Fed policy is already weighing on the U.S. labor market and argues further rate hikes look unnecessary. He points to private payroll growth of 30,000, labor force participation at 61.4% and unemployment at 4.1% as signs the economy is not overheating.