NFP report unlikely to cause more than a short-term reaction following the publication – Commerzbank
|The US labor market data is due for publication today. However, it might be overshadowed by the central bank decisions which we saw this week, economists at Commerzbank report.
US labor market data overshadowed by events
“Today’s report is not likely to be suited to challenge the Fed’s expectation of Wednesday that the end of the rate hike cycle should have been reached. Not even a strong labor market report is likely to be sufficient to challenge the entire picture of a slowly cooling US economy so the market will probably stick to its expectations of Fed rate cuts.”
“Even though the labor market report is always good for a surprise, it is unlikely to cause more than a short-term reaction following the publication – if that.”
See – US Nonfarm Payrolls Bank Preview: Smaller, but still positive change in employment
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.