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NFP Preview: US Dollar Bounce Potential if Jobs Data Doesn’t Disappoint
Traders and economists expect the NFP report to show that the US created 185K net new jobs, with average hourly earnings rising 0.3% m/m (3.9% y/y) and the U3 unemployment rate holding steady at 3.9%. After a blistering start to the year, the US economy has seemingly downshifted in Q2 based on recent data. That said, the key indicators the Federal Reserve focusses on (employment and inflation, as measured by the Core PCE) have yet to roll over meaningfully, meaning the Fed will likely be content to leave interest rates unchanged in its upcoming monetary policy meeting later this month. In terms of the NFP report, ... (full story)
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- Posted: Jun 6, 2024 4:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 6,499
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