- Analytics
- News and Tools
- Market News
- Cooling labor market allows the Fed to sit tight at the upcoming FOMC meeting and pause – Commerzbank
Cooling labor market allows the Fed to sit tight at the upcoming FOMC meeting and pause – Commerzbank
Economists at Commerzbank discuss Fed policy outlook after the latest Nonfarm Payrolls report.
A mixed picture
The US employment report for May shows a mixed picture. While payrolls surprised with a strong 339 thousand increase, other details point to a slowdown.
Apart from the robust job creation, the data indicate a cooling of the labor market. This allows the Fed to sit tight at the FOMC meeting on 13/14 June and at least pause on rate hikes.
The US central bank can then wait and see how things develop and, if necessary, tighten more at a later date.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
