NFP is Friday, Nov. 6. The October jobs report lands with the Fed weighing a cooling labor market against stubborn inflation.
September payroll growth was just 29,000, so markets will be watching the new number—and revisions—for signs of where the economy is heading.
My lean: cautious bearish on stocks into the release. A weak report could raise growth worries; a strong one could keep rate pressure alive.
Which matters more this time: job growth or wage pressure?
#NFP #FederalReserve #markets #trading
September payroll growth was just 29,000, so markets will be watching the new number—and revisions—for signs of where the economy is heading.
My lean: cautious bearish on stocks into the release. A weak report could raise growth worries; a strong one could keep rate pressure alive.
Which matters more this time: job growth or wage pressure?
#NFP #FederalReserve #markets #trading