6 Mar 2015
BNPP: US NFP forecast 250k, unemployment rate to fall to 5.5% - eFXnews
FXStreet (Barcelona) - The eFXnews Team shares BNP Paribas’ forecast for today’s US labour market data release.
Key Quotes
“We expect a 250k increase in payrolls at today’s report and forecast the unemployment rate to fall to a new cycle low of 5.5%.”
“Average earnings, meanwhile, is likely to return to a trend-like 0.2% m/m pace.”
“The erosion in economic slack should add to the Fed’s confidence that core inflation will turn around during the summer, while the rise in inflation breakevens should also give policymakers some comfort that inflation expectations will not restrain their tightening plans.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We expect a 250k increase in payrolls at today’s report and forecast the unemployment rate to fall to a new cycle low of 5.5%.”
“Average earnings, meanwhile, is likely to return to a trend-like 0.2% m/m pace.”
“The erosion in economic slack should add to the Fed’s confidence that core inflation will turn around during the summer, while the rise in inflation breakevens should also give policymakers some comfort that inflation expectations will not restrain their tightening plans.”
This content has been provided under specific arrangement with eFXnews.