NFP Preview All eyes on wages with Fed liftoff less than two weeks away
When it comes to the Federal Reserve, the immediate interest rate decision appears to be made already...
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When it comes to the Federal Reserve, the immediate interest rate decision appears to be made already...
A particularly poor report could tilt the Fed away from the “double” 50bps interest rate hike that some more aggressive traders have penciled in for March...
The leading indicators point to a slightly above-expectation reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 425-525k range.
Traders and economists are looking for 553K net new jobs in Friday’s report, with wages expected rise by 0.4% m/m, in the final NFP report of 2021.
This month's report will be more significant than usual as the Fed watches employment and inflation closely as it evaluates when to start tapering its asset purchases