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Back Fundamental analysis
US dollar: markets push Fed hike bets to December
The September jobs report published on
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The September jobs report published on Friday shattered illusions about the strength of the US labor market. The economy added just 29k payrolls versus an 84k consensus, while July and August statistics were revised down a cumulative 60k. Average hourly earnings rose by only $0.05 (+0.1% m/m), and the annual pace slowed to 3.0%. The market reaction was predictable: equity futures rallied, and Treasury yields fell. Markets interpreted the weak prints as meaning the Fed will refrain from hiking in October. Fed
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