Unemployment at 4.3% or Lower Would Leave Fed on Hold -- Market Talk
Dow Jones05-05 23:56
1156 ET - BofA predicts April's non-farm payrolls will grow by 80,000 and the unemployment rate will remain at 4.3%, with a risk of rounding down to 4.2%. Their forecast is higher than the consensus 55,000 reading that economists polled by The Wall Street Journal expect. "A 4.3% or lower u-rate would leave the Fed comfortably on hold in the near term amid rising inflation risks," they write. The bank added that uncertainty from the Iran war might weigh on hiring in the leisure and hospitality and trade and transport sectors. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
May 05, 2026 11:56 ET (15:56 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments