US: Job growth to moderate further over the coming months – Wells Fargo – by MSalordFX UnitedStates Employment Banks
go job numbers won’t move the needle much toward a 75 basis points rate hike at the next FOMC meeting. They see job growth moderating further over the coming months. “The somewhat perplexing resilience in sectors such as manufacturing and construction could be in part explained by technical factors.
could force the Committee's hand to once again go 75 bps. On net, we doubt today's data move the needle much toward a 75 bps hike. A 50 bps rate hike remains our base case, with next Thursday's CPI print the next pivotal piece of data.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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