FXStreet (Edinburgh) – According to analysts at ING Bank, Friday’s US Payrolls could prove to be vital in light of a potential Fed’s lift-off in September.
“With the Federal Reserve stating it only needs to see “some” further improvement in the labour market before having enough confidence to raise rates, Friday’s US jobs report will be the key data release for the coming week”.
“A September Fed rate hike remains our call, but it all depends on the numbers – two 200k plus payrolls readings and signs of average hourly earnings edging towards 2.5% YoY might be enough in the absence of negative shocks elsewhere”.
“We expect a strong outcome this week given the plunge in jobless claims and positive economic activity data while wages are expected to move back up to 2.2% YoY with a chance of 2.3% versus 2% in June”.
According to analysts at ING Bank, Friday’s US Payrolls could prove to be vital in light of a potential Fed’s lift-off in September…
(Market News Provided by FXstreet)