Fed's Evans: November employment report was a little disappointing

Eren Sengezer FXStreet

Commenting on the November jobs data, which showed that Nonfarm Payrolls increased by 245,000, Chicago Federal Reserve Bank President Charles Evans said the employment report was a "little disappointing," per Reuters.

Additional takeaways

"US economy has been horrifically challenged."

"US economy came back more quickly than thought, still a ways to go in recovery."

"Recovery has been uneven with some sectors advantaged and others hit harder."

"Need a stronger return to work to keep things going."

"Vaccine is promising, a lot of reasons to hope that things will be better in 2021."

"Would expect a steeper yield curve as the economy strengthens."

"Risks auger for longer period at zero rates until inflation overshoots 2%."

Market reaction

The US Dollar Index showed no immediate reaction to these remarks and was last seen losing 0.2% on the day at 90.55.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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