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ADP Reports Better Than Expected Jump In Jobs In September, Wage Growth Accelerates
Ahead of Friday's big number, and following last month's dismal print (under its new model regime) which dramatically under-predicted the payrolls print in August, ADP was expected to show a modest uptick in September of 200k jobs. The actual print came in at +208k jobs but most notably, the +132k print from August was revised drastically higher to +185k... chart ADP's Nela Richardson notes that "there are signs that people are returning to the labor market. We're in an interim period where we're going to continue to see steady job gains. Employer demand remains robust and the supply of workers is ... (full story)
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- Oct 5, 2022 4:03pm Oct 5, 2022 4:03pm
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fxsport - Joined Jul 2007 | Status: Member | 2634 Comments
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From zerohedge.com|Oct 5, 2022|1 commentWhat do credit traders know that equity traders are ignoring? While equity prices had risen for the last two days, dragged higher by the market's melt-up, Credit Suisse credit ...
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From bnnbloomberg.ca|Oct 5, 2022The pound sank more than 2% as traders piled back into the dollar on bets that the Federal Reserve will stick to hiking interest rates. Sterling fell as low as $1.1227, snapping ...
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From sprott.com|Oct 5, 2022Gold fell $50.43 (or -2.95%) to close at $1,660.61 for the month. After several tests over the past few years, gold finally fell below the $1,700 support level as the U.S. dollar ...
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From financemagnates.com|Oct 5, 2022The volume of forex futures and options traded on Chicago Mercantile Exchange’s (CME) CME Globex hit an all-time-high monthly volume in September. Year-over-year, the average ...
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From dailyfx.com|Oct 5, 2022Mixed US economic data in recent days – a surprising drop in August US JOLTs and a surprising beat in the September US ISM services PMI – leaves the US Dollar (via the DXY Index) ...
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From @cablefxmacro|Oct 5, 2022|1 commenttweet at 4:00pm:
*BOSTIC, ON SPECULATION OF RATE CUTS IN 2023, SAYS `NOT SO FAST' *BOSTIC: FED SHOULDN’T `OVERREACT’ IF 2% ISN’T QUICKLY REACHED *BOSTIC: BASELINE IS ECONOMY CAN WITHSTAND 4% TO 4.5% *BOSTIC WARNS AGAINST REVERSING COURSE `PREMATURELY’ tweet at 4:02pm: Fed’s Bostic: Repeats Wants Rates At A "Moderately Restrictive" Level From 4 To 4.5%, Then Hold To Assess Impact - Fed Should Not Be Quick To Cut Rates If Economy Weakens, But Stay "Purposeful And Resolute" In Seeing Inflation Lowered
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- Posted: Oct 5, 2022 2:22pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 890
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