Goldman Sachs: NFP Better Than Expected, Friday's CPI If Unexpectedly High Could Turn Fed Hawkish
BlockBeats News, February 11, Goldman Sachs Asset Management analyst Kay Haigh stated that there are some initial signs of a labor market re-tightening, but there is still a way to go for full tightening. Given the continued economic outperformance, the FOMC's focus will shift to the inflation outlook. We still believe that the Fed has room for two more rate cuts this year; however, if Friday's CPI data unexpectedly rises, it may tilt the Fed in a hawkish direction. (FXStreet)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fourth attempt finally approved! Brookfield (BAM.US) acquires Australian pipeline products manufacturer RWC for $2.9 billion, a 32% premium
Brookfield Asset Management has agreed to acquire Reliance Worldwide Corp. in an all-cash deal, valuing the Australian plumbing products company at approximately 4.1 billion Australian dollars (about 2.9 billion US dollars).
Spot Gold Surpasses $4,300 per Ounce, Up 0.16% for the Day
Hyundai Mobis' Earnings Could Be Dragged Lower by Stronger Won -- Market Talk
Japan Capex Outlook Solid on AI Demand, Economic Policy Hopes -- Market Talk
Crypto prices
More
