5 September 2023 US Monitor No Payroll Rollover, but AHE/Jobless Rate will Keep the Fed on Hold
5th Sep 2023 12:40U.S., Weekly Monitor
- Payroll growth is slowing, but no sign of an imminent rollover; risks will rise later in the year.
- The jump in unemployment and soft AHE print make a rate hike this month even less likely.
- Don’t worry about higher ISM prices paid; it reflects commodity prices, with little effect on consumers.
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