Analysts: Trump may add fuel to the fire of non-agricultural
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Odaily Odaily News: Robert Pavlik, an analyst at Dakota Wealth, said: The market's reaction is basically consistent with my expectations for a stronger-than-expected non-farm payrolls report: 256,000 job gains are good for the general public, but bad for Wall Street. The market hopes that the data will be consistent with expectations or weaker in order to get the Fed to move from the sidelines to a rate cut. But this report actually did the opposite. It kept the Fed on hold because the economy did not seem to need further rate cuts. Many of the jobs seem to be created by the hotel industry. If Trump has his way and expels 15 million to 20 million people, there will be more job vacancies. (Jinshi)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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