Top Goldman Sachs strategist expects stronger US labor market data this week Peter Oppenheimer, chief global equity strategist and head of macro research in Europe at Goldman Sachs, discusses investor sentiment and the current macro conditions. ...
It is a classic case of America sneezing and the rest of the world catching the cold. US labour market data came in weaker than expected last week, dampening hopes of a “soft landing” for theUS economy. The contagion quickly spread to other markets, with the sell-off continuing into th...
Senior executives across a host of S&P 500 companies gave optimistic updates on the labour market in recent quarterly earnings reports. Their commentary could reassure investors concerned that a tight labour market threatens the Federal Reserve’s efforts to bring down inflation.“Corporate commentary ha...
The focus this afternoon will be on the latest labour market data in the US. Employment growth is expected to slow, which could give the Federal Reserve more room to pause interest rates. Date 2 June 2023 Author Alessandro Fezzi, LGT Research Content & Publications ...
"World Business Report" US Labour market: what's behind unexpected growth? (Podcast Episode 2023) - Movies, TV, Celebs, and more...
More details on the US labour market will follow on Friday when the government releases its employment report for June. In New York, equity markets came under pressure as the labour data was clearly interpreted by traders as a signal for the Fed to go ahead with further interest rate hikes...
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Following Friday’s data release, the chances of a rate cut at the Fed’s mid-September meeting — ahead of the election — fell from 81 per cent to 57 per cent, according to market pricing. Markets had previously fully priced in an interest rate cut by November. After the jobs figures...
Jobless claims data calms US labour market jittersLucia Mutikani
The pandemic has proved uniquely thorny for economists looking at the US labour market, because it has not only created lags in the reporting of data but also distorted the seasonal rhythms that are typically factored into estimates. The sheer size of payroll growth during the economic recovery h...