FXStreet (Bali) – After Friday’s disappointing US NFP, BBH Economists note that it will take firmer employment data to convince a skeptical market that the Fed is in a position to start a much-awaited rate hiking cycle.
Key Quotes
“The shockingly poor jobs data will make upcoming numerous Fed official comments, all the more important.”
“Most observers did not expect an October move in any event. Officials may reassure that the Fed is looking at the larger picture, but it will take firmer employment data to convince a skeptical market.”
(Market News Provided by FXstreet)