Commodity Trade Mantra

Posts Tagged ‘Nonfarm Payrolls’

No Fed Rate Hike In September - Goldman Sachs

The market’s initial reaction signals rising expectations of a September rate hike but, as Goldman’s Jan Hatzius explains, with a number of business surveys in hand, our preliminary read on the August Current Activity Indicator is +2.8%, in line with the July figure. So they continue to expect the FOMC to keep policy rates unchanged at the September 16-17 meeting.

Higher Than Expected Jobs, Give Yellen Green Light To Hike Rates

While the strong jobs number is strong enough to give Yellen a green light for a September rate hike (or even June), what is most notable is the jump in average hourly earnings, which rose by 0.3%, above the 0.2% expected, & well above the 0.1% in April, suggesting the slack in the labor force is indeed evaporating.

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