NFP Preview: Are the Fed’s Fears of a Jobs Market Slowdown Justified?

Leading indicators point to a below-expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 125K-175K range.

In this case, though, there may be more potential for volatility than meets the eye at first glance. In the Fed’s monetary policy statement and Chairman Jerome Powell’s press conference, policymakers were clear to emphasize the “balanced” risks between a slowing labor market and elevated inflation. Specifically, Powell noted,

In terms of the NFP report, traders and economists are anticipating a slight moderation from last month’s jobs growth, with wages and the unemployment rate expected to come in roughly in line with recent trends:As regular readers know, we focus on four historically reliable leading indicators to help handicap each month’s NFP report, but due to the vagaries of the economic calendar, we won’t get access to the ISM Services PMI report until after the NFP report:Finally, the 4-week moving average...

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Magnificent 7 Earnings Preview: What to Expect From the Tech Giants in Q2?Stocks Analysis by Matthew Weller covering: Nasdaq 100, Microsoft Corporation, Alphabet Inc Class A, Apple Inc. Read Matthew Weller's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Thomas Matthew Crooks' Neighborhood Real Estate Market Dips After ShootingThomas Matthew Crooks' assassination attempt on Donald Trump is plaguing his hometown in more ways than one, and that includes the real estate market ... TMZ has learned.
Source: TMZ - 🏆 379. / 59 Read more »