The US jobs report was about ‘storms and strikes’ says Goldman Sachs. The numbers ICYMI:
- US October non-farm payrolls +12K vs +113K anticipated
- Forexlive Americas FX information wrap: The worst non-farm payrolls studying since 2020
Goldman Sachs, briefly:
- Strikes and storms have been a weight on the October employment report
- The information is an argument for a continuation of the Federal Open Market Committee (FOMC) easing cycle
- Anticipate the Committee to chop by 25bp on the assembly this week, November 6 and seven
https://photographs.forexlive.com/photographs/non-farmpercent20payrollspercent20chart_id_4835ff3b-008c-40a9-a41f-be620ef34131_size900.jpg
This text was written by Eamonn Sheridan at www.forexlive.com.
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