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What to expect from NFP this Friday? Potential US rate hike by the end of the year?
First NFP of Q4: What to Expect?
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We are now in the final quarter of 2017, and the markets are eager to see the employment situation in the US.
While the Nonfarm Payrolls report was worse than expected last month, the Fed rocked the markets by hinting a potential interest rate hike before the end of the year, increasing optimism towards the US economy.
| Reports due Friday, October 6th @ 12:30 (GMT) | |
|---|---|
| Name: | Nonfarm Payrolls |
| Previous / Forecast: | 156K / 93K |
| Name: | Unemployment Rate |
| Previous / Forecast: | 4.4% / 4.4% |
| Name: | Average Hourly Earnings |
| Previous / Forecast: | 0.1% / 0.2% |
Do you think the employment will increase or slow down?
What to expect from the US economy?
In general, last month was full of mixed reports. Inflation continued to rise and manufacturing industry showed the best performance in 4 years; but there was a major drop in retail sales and producer prices.
Although the mixed results caused analysts to forecast even lower employment this month; rate hike potential might have encouraged for more employment.
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