FXStreet (Barcelona) – The Brown Brothers Harriman Team believes that a US NFP report without any significant downside surprise will keep a September rate hike by the Fed alive.
Key Quotes
“The consensus is for US non-farm payrolls to grow 226k, largely in line with the 223k increase in April. The unemployment rate is expected to be steady at 5.4%, but there seems to be greater risk of a down tick than an uptick. Hourly earnings need to rise by 0.2% to keep the year-over-year pace steady at 2.2%. A report that does not contain significant surprises will keep expectations intact for a September rate hike, despite the unsolicited advice from the IMF to wait until next year.”
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