February 7 news, the United States in January quarter after the non-farm employment recorded 143,000, significantly lower than the market expectations of the 170,000 level, the lowest since October last year.
Morgan Stanley said the US non-farm payrolls report should reduce the likelihood of a near-term rate cut by the Federal Reserve. With the inflation outlook more favorable, a rate cut in March remains more likely.
After the non-farm payroll data was released, Goldman Sachs now expects the Federal Reserve to cut interest rates by a total of 50 basis points this year, compared with the previous forecast of 75 basis points.
Morgan Stanley said the US non-farm payrolls report should reduce the likelihood of a near-term rate cut by the Federal Reserve.
Following the non-farm payroll data, Goldman Sachs now expects the Fed to cut interest rates by a total of 50 basis points this year, compared with a previous forecast of 75 basis points. Goldman Sachs expects the Fed to cut interest rates by 25 basis points each at its June and December policy meetings.
Non-farm data is coming! Will the market push the Fed's interest rate cut expectations to the other extreme? Gold may have two plays tonight! The Bank of Japan has begun to test the market's tone?
U.S. nonfarm payrolls rose by 227,000 after the November quarter, the largest increase since March 2024.
After the non-agricultural data was released, the dollar index DXY fell 25 points in the short term and is now trading at 105.57.
After the non-agricultural data was released, spot gold rose by $7 in the short term, and the latest report was 2639.48 US dollars/ounce.
After the release of the US non-farm payrolls data, traders now see an 85% chance of the Federal Reserve cutting interest rates in December, compared with 67% before the release of the jobs report.
According to CME "Fed Watch", before the non-farm payroll data was released, the probability of the Federal Reserve cutting interest rates by 25 basis points in December was 72.1%, and the probability of cutting interest rates by 50 basis points was 27.9%.
On November 1st, strikes and hurricanes affected this month's non-farm payrolls data, with job growth unexpectedly falling and the unemployment rate unchanged. While the Federal Reserve may attribute today's weak data in part to one-off factors, the weakness in today's data suggests that the Fed will continue its easing cycle at next week's meeting. The data is worrying, and the likelihood of a 25 basis point rate cut in November has increased.
The residual heat of non-agricultural data continues to push up US bond yields. What will happen to the CPI data this week? These sub-items may usher in major changes... > >
On September 6th, according to the Wall Street Journal, the US job growth rebounded slightly in August, but the Federal Reserve is still expected to start cutting interest rates at its meeting in two weeks. The US economy added 142,000 jobs, up from July, according to the Bureau of Labor Statistics. July's job gains have sparked fears of an economic slowdown and shook the global financial marekt. Meanwhile, the unemployment rate fell slightly to 4.2% in August. The latest non-farm payroll report...
"Fed mouthpiece" Nick Timiraos said the non-farm payrolls report is likely to provide a clear signal about the extent of the Fed's first rate cut, whether it is 25 basis points or 50 basis points, the market will immediately price it up to 90%. But this non-farm payrolls report does not solve this problem well, and the market is currently pricing in a "50-50 basis point cut". The overall non-farm payroll data is not bad enough to change the benchmark expectation to a 50 basis point cut, but cons...