US jobs data live: Traders are preparing for the release of the nonfarm payrolls report, which could influence the size of the Federal Reserve’s rate cut later this month. Last month’s weak jobs data triggered a selloff in global stocks, followed by a sharp rebound.
Live US employment data today: Traders are eagerly awaiting the release of the nonfarm payrolls report, which could influence the size of the Federal Reserve’s interest rate cut later this month. Last month’s weak employment numbers triggered a slide in global stocks, followed by a sharp rebound.
With traders still pricing in a rate cut of more than 100 basis points this year, a significant cut is on the cards. Given Jerome Powell’s recent focus on the labor market, many in the City believe the employment data will determine whether the Fed opts for a 25 or 50 basis point rate cut this month.
cnbctv18-forexlive
