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Morgan Stanley on the US jobs report (Friday's NFP) - raises the risk of an FOMC July hike
The non-farm payroll report contained crosscurrents, links to the info from here:Forexlive Americas FX news wrap: Non-farm payrolls beat estimates but unemployment risesBank of America acknowledged this in their comments after the data:The ambiguity of the report make it difficult to parse. We think it is just soft enough for the Fed to justify a hold in JuneMorgan Stanley is in the same camp:We do not believe today's report was strong enough to meet the bar for the Fed to hike in June, but rais...
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Posted: Jun 4 2023, 21:52
Author Name: forexlive
Views: 081374