Last Friday, the US NFP missed consensus coming in at 175K vs. 243 expected with the unemployment rate ticking higher to 3.9% vs. 3.8% expected. Moreover, the average hourly earnings surprised to the downside with the Y/Y growth rate coming in at 3.9% vs. 4.0% expected and the M/M figure at 0.2% vs. 0.3% expected. Overall, it was a soft report but not bad. As a consequence, the market increased the rate cuts pricing with futures implying basically two rate cuts now by the end of the year with the first one coming in September. We might have reached peak hawkishness in the short term with even Fed's Bowman tuning down a bit her tone following the labour market report. The ISM Services PMI dat
Hence then, the article about what changed after the us nfp report was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( What changed after the US NFP report? )