The U.S. labour market showed renewed strength in June, with non-farm payrolls exceeding expectations and suggesting the economy remains on solid footing despite recent signs of softness in leading indicators.
"Today's stronger jobs report confirms a still resilient U.S. labor market, defying, at least for now, the signs of weakness seen in some leading indicators," said Goldman Sachs Asset Management in a client note.Goldman Sachs added that if summer inflation readings remain modest, the Fed could resume its easing cycle in the second half of the year. Markets are now watching upcoming CPI prints and wage data closely, with rate cut expectations tentatively pencilled in for later in 2025.
The data and analysis from the better than expected jobs report can be found here:
Forexlive Americas FX news wrap: Non-farm payrolls beat the consensus This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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