Wall Street Faces a Major Test Tonight: The Nonfarm Payroll Data Is About to Be Released
Tonight at 20:30 Beijing time, the U.S. Bureau of Labor Statistics (BLS) will release the August nonfarm payroll report. This is a key data point for U.S. Federal Reserve officials to assess the state of the labor market ahead of the Fed’s September 16 policy meeting. The outcome will directly affect the path of rate hikes or cuts, inevitably triggering intense market volatility.
The mainstream market expectation is that August’s net new jobs will rebound from July’s -23,000 to +55,000, the unemployment rate will remain at 4.1%, and average hourly earnings will rise to 0.3% month-over-month.
But within Wall Street, things are in chaos—forecast disagreements are as large as 150,000: the pro-side at the Pantheon macro shop is betting on +125,000, while the bearish view from Fifth Third Bank calls for -25,000.
When it comes to nonfarm payrolls—bullish, neutral, or bearish—where are you putting your money? Comment below
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Tonight at 20:30 Beijing time, the U.S. Bureau of Labor Statistics (BLS) will release the August nonfarm payroll report. This is a key data point for U.S. Federal Reserve officials to assess the state of the labor market ahead of the Fed’s September 16 policy meeting. The outcome will directly affect the path of rate hikes or cuts, inevitably triggering intense market volatility.
The mainstream market expectation is that August’s net new jobs will rebound from July’s -23,000 to +55,000, the unemployment rate will remain at 4.1%, and average hourly earnings will rise to 0.3% month-over-month.
But within Wall Street, things are in chaos—forecast disagreements are as large as 150,000: the pro-side at the Pantheon macro shop is betting on +125,000, while the bearish view from Fifth Third Bank calls for -25,000.
When it comes to nonfarm payrolls—bullish, neutral, or bearish—where are you putting your money? Comment below
#Follow4Follow# #Followers Will Be Replied Back#