Commodity Trade Mantra

Posts Tagged ‘Unemployment Claims’

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.

Hiring In The US Remains Far Below Pre-Recession Levels

While the US may have, somehow, recouped all of its post-recession job losses as was widely trumpeted everywhere on Friday, it sure didn’t achieve this courtesy of a vibrant hiring labor market. In fact, the pace of US hiring is still just about half of where it should be based on the pre-recession trends.

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