"The U.S. labour report released last Friday delivered a fairly clear message: the U.S. economy is cooling, but in a controlled manner. The data were not weak enough to trigger an aggressive policy pivot from the Federal Reserve, yet no longer strong enough to sustain a structurally strong U.S. dollar. As a result, while downside pressure on the dollar has emerged, EURUSD still lacks the momentum needed to establish a clear bullish trend."
"Non-Farm Payrolls rose by just 50,000 jobs, falling short of market expectations and confirming a noticeable slowdown in hiring compared with previous months. This outcome was largely consistent with earlier signals from leading indicators such as ADP and JOLTS. However, the overall picture was not outright negative. The unemployment rate unexpectedly declined to 4.4%, while average hourly earnings remained steady at 0.3% month-on-month."
The U.S. labour market shows signs of gradual cooling, with Non-Farm Payrolls rising by only 50,000 and a clear slowdown in hiring. The unemployment rate unexpectedly fell to 4.4% while average hourly earnings remained steady at 0.3% month-on-month, indicating easing without sharp deterioration. Market expectations shifted toward eventual Federal Reserve easing but not immediate rate cuts, as inflation control remains a priority. U.S. consumer inflation expectations stayed elevated at 4.2%, making a decisively dovish policy stance difficult in the near term. The U.S. dollar faces downside pressure, yet EURUSD lacks clear momentum for a sustained bullish trend.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]