menu search

Morgan Stanley eyeing the US nonfarm payroll report coming on Friday - FOMC implications

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.

---

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

Search within

Pages Search Results: