Is it right to assume that, with a strong job market, inflation has not peaked, and we might see higher interest rate hikes?

I personally expect higher interest rate hikes after elections. Right now, unlikely because of political suppression.

I think it does to a certain extent but at the end ot the day, a strong job market alone does not solely affect inflation levels. There are many other factors affecting inflation rates such as - Supply chain, increased money supply, monetary policies etc.