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Citi predicts +200k for May NFP, maintains its call for Fed hikes in June and July

The upcoming May employment report, to be released tomorrow, will be one of the final data releases that will influence market expectations for another potential rate hike on June 14, according to Citi. As the Federal Reserve enters a blackout period this Saturday, these labor statistics are particularly significant. Citi predicts solid payroll growth of 200k, 0.3% increase in average hourly earnings, and a steady unemployment rate of 3.4%. These figures, if confirmed, would further assure Fed... Read More

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Posted: Jun 1 2023, 17:44

Author Name: forexlive

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