1445 ET - Ahead of tomorrow's jobs report, economists polled by The Wall Street Journal expect 83,000 jobs to be added. With the Fed describing the labor market as mostly stable, the July jobs report is unlikely to persuade officials to shift their focus to the employment side of their mandate. "Unless underlying inflation pressures broaden and become more persistent or labor market momentum reaccelerates meaningfully, we believe the Fed is likely to remain on hold through year-end," EY-Parthenon economists Gregory Daco and Lydia Boussour write in a note.
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