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US NFP report to watch out for next week – ING

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at ING, note that with the Federal Reserve clearly signalling that a December rate hike is on the table for discussion, attention will focus on next week’s labour report.

    Key Quotes

    “We suspect it will be a mixed bag, with payrolls growth coming in around the 170k mark, but with the unemployment rate falling below 5%. This in itself is unlikely to be enough to sway the relative ‘doves’ on the FOMC and it will need to be followed up by a strong November release, due 4 December, and a clear pick-up in consumer price inflation to give us real confidence in our call for a December lift-off in rates.”

    “Next week’s ISM reports and the ADP release will help firm up payrolls estimates ahead of Friday’s release. There will also be a significant number of Federal Reserve officials speaking at events, which will give us a better understanding of the FOMC members’ relative positions.”
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