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Analyst: December Non-Farm Payrolls and Retail Sales Data Key to Fed Action
Summary: According to sources, US interest rate strategist Ira Jersey stated that while overall data performance is not strong, the subdued reaction in the interest rate market is not surprising. The focus is on wage growth, which has slowed to 3.5% year-on-year, the lowest level in this cycle. Therefore, the Fed may still take action, but ...
According to sources, US interest rate strategist Ira Jersey stated that while overall data performance is not strong, the subdued reaction in the interest rate market is not surprising. The focus is on wage growth, which has slowed to 3.5% year-on-year, the lowest level in this cycle. Therefore, the Fed may still take action, but it will depend on the December non-farm payrolls and retail sales data to determine if there will be any action in December. Given the lack of clear trend changes in current data, we believe long-term interest rates will continue to fluctuate within a range.
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Link: Analyst: December Non-Farm Payrolls and Retail Sales Data Key to Fed Action [Copy]
