FXStreet (Delhi) – Analyst at Nomura, expect the US Nonfarm payrolls to print another 200k plus figure in August and unemployment rate to extend its decline.
Key Quotes
“With the labor market nearing “full employment,” another solid reading near our expectations should keep the FOMC on track to raise interest rates this year. But with core inflation losing some upward momentum in recent months and “some” FOMC participants raising concerns about the inflation outlook, we believe that the Committee will want more evidence that inflation is moving in the right direction before raising interest rates, supporting our call for liftoff in December.”
“The recent volatility in financial markets has placed additional uncertainty on the path of policy. As such, we currently believe that the evolution of financial conditions will have a bigger influence on the FOMC’s decision at its September meeting than another steady reading from the employment report on Friday.”
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