Citi says a 50 basis point Fed cut in September is likely ...Middle East

There is an interesting dynamic this week with non-farm payrolls on Friday and the FOMC blackout period starting Friday at midnight. If the jobs report is middling, it doesn't leave much time for officials to signal that a 50 basis point cut is likely. Of course, they could always turn to a leak to the WSJ or someone else.In any case, Citi has already seen enough, citing JOLTS that are weaker than in 2019."The labor market is looser than it was pre-pandemic and continues to loosen further, according to the July JOLTS report. Job openings fell from 8184k in June (now revised down) to a below-consensus 7673k in July. The ratio of openings to unemployed individuals is down to 1.1-to-1, below th

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Last updated : 04 September 2024 clock 09:57 PM

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Citi says a 50 basis point Fed cut in September is likely ...Middle East

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