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
For the first time in nearly 30 years! 500 million euros equivalent deployed as funds, New York Fed report confirms joint Japan-US intervention in yen exchange rate
The New York Federal Reserve released a report on Thursday confirming earlier market news that the US Treasury used approximately 500 million USD equivalent in euros, which it holds, to support the Japanese yen in a coordinated intervention with Japan on July 31.
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
Crypto prices
More
