US: Employment data awaited – BBH
|Analysts at BBH point out that the US reports the November jobs data today and it often is among the most important high frequency economic reports.
Key Quotes
“Barring a significant surprise, the market's focus is elsewhere. That said, within the jobs report, the hourly earnings may be the most important. It is expected to rise 0.3% and lift the year-over-year rate to 2.7%. Investors are very confident the Fed will raise rates next week.”
“Late yesterday, Congress extended the spending authorization until December 22. This prevents a government shutdown that could have taken place beginning tomorrow. Kicking the can down the road for such a short period was done to get the tax bill passed. If it is not passed by then, and we are somewhat skeptical that it will be, the "continuing resolution" can extend the spending authority further. The Treasury Department has said it will begin the now usual measures to operate within the debt ceiling.”
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.