Weak US Jobs Data Cuts Urgency for September Fed Hike, Rabobank Says
Rabobank’s Bas van Geffen notes that softer Nonfarm Payrolls and a shrinking labor supply have reduced the pressure on the Federal Reserve to raise rates in September.
Rabobank analyst Bas van Geffen has highlighted that weaker-than-expected US Nonfarm Payrolls (NFP) and a decline in labour supply are easing the urgency for another Federal Reserve rate hike at the September meeting. The shift in labour market dynamics is prompting a reassessment of near-term policy expectations.
Source: FXStreet Forex News