Analyst: December Nonfarm Payroll and Retail Data Are Key to the Federal Reserve's Actions
According to Odaily, U.S. interest rate strategist Ira Jersey stated that although it is difficult to describe the overall data performance as strong, the muted reaction from the interest rate market is not surprising. We are more focused on wage growth—which has slowed to a year-over-year rate of 3.5%, the lowest level in this cycle. Therefore, the Federal Reserve may still take action, but it will need to see the December nonfarm payroll and retail sales data before determining whether it will act in December. Given the current lack of a clear trend shift in the data, we believe long-term interest rates will continue to fluctuate within a range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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