Fed: May jobs report should leave a hike option fully on the table – TDS – by MSalordFX NFP Fed Banks
rose by 339K in May surpassing expectations. Analysts at TD Securities point out payroll strength keeps the door open for another rate hike from the Federal Reserve. “The two-month net revisions also added a notable 93k jobs to the employment series, which resulted in the 3-month moving average moving significantly higher to 283k in May from 222k in April. Not really the direction the Fed's is hoping for. With that said, the unemployment rate unexpectedly rose by 0.3pp to 3.
to lift rates by a final 25bp to 5.25%-5.50% range in June, but also acknowledge that the FOMC's decision will be a very close call.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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