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Morgan Stanley eyeing the US nonfarm payroll report coming on Friday - FOMC implications
Morgan Stanley after Fed Chair Powell's testimony on Tuesday raised the prospect of higher rates, for longer.
- Powell's prepared remarks for his semi-annual testimony opened the door to a return of 50bp hikes at the March meeting if the incoming data flow warrants it.
- Upside surprises to Friday's payroll report could drive a faster and longer tightening cycle.
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I guess it could. I'm in the 'but' camp on this. It'd have to be a monster report to add to... Read More
Posted: Mar 8 2023, 01:44
Author Name: forexlive
Views: 082157