Last nonfarm before Fed rate lift off?

4 September, 2015

The FOMC rate decision nears, now under two weeks away and it is still the view of many that today will be the last nonfarm payroll figure before the Federal Reserve commences its rate tightening cycle. In order to see the first hike in over nine years this month we will have to see a spectacular headline nonfarm payroll, which is expected to come in at 220k, at the same time it will help to see average earnings beat forecasts too with the Y on Y figure expected at 2.1%. The unemployment figure is expected to decline from 5.3% to 5.2% but these standalone figures are unlikely to settle the financial markets that have been severely rattled by the Chinese stock market bubble bursting.

Calls are coming far and wide from the IMF to emerging economies for the Fed to keep rates on hold and yesterday’s dovish ECB meeting will have been noted by Janet Yellen. US Treasuries are softer this morning as we head towards the release of the US employment data which has the potential to cause some volatility today and as we near September 17th more and more signs point to the Fed remaining on hold.


Source link  
Trump's Tax Reform Plan

US Treasury Secretary Mnuchin announced Trump’s tax reform plan in a press conference...

Corporate Earnings Lift US Stocks

Last week the US President Trump stated on twitter...

Market Concerns Eased

The first-round voting of the French presidential election was revealed on Sunday night...


Dollar Plunged on Trump Second Statement

The dollar index fell to a 2-week low of 99.91 in the early hours...

Markets Eye on the First Trump-Xi Meeting

US President Trump and Chinese president Xi Jinping, are scheduled to meet today at Trump’s Mar-a-Lago resort in Florida...

Will the French Presidential Election affect EUR?

The first round of the French presidential election...


USD Firms Ahead of Q4 GDP Final Reading

The dollar index has rebounded noticeably from a 4-and-a-half-month low of 98.85, helped by outperforming...

Divergence Between Fed and BoJ

The March FOMC meeting will be held for two consecutive days from today. The interest rate decision will be announced at 18:00 GMT on Wednesday 15th March...

Market Volatility Expected Ahead of President Trump's Speech

In a speech that will be watched by millions of viewers in the United States and around the world, the President is expected to speak of his presidency and address pressing issues like his plans for health care, the tax system, the military, and his goals for his administration...

  


Share: