Goldman Sachs reiterated Fed forecast after weak jobs report. Fed to chop by 25bp this week

The US jobs report was about ‘storms and strikes’ says Goldman Sachs. The numbers ICYMI:

• US October non-farm payrolls +12Okay vs +113Okay anticipated

• Ubaidahsan Americas FX information wrap: The worst non-farm payrolls studying since 2020

Goldman Sachs, briefly:

• Strikes and storms had been a weight on the October employment report
• The information is an argument for a continuation of the Federal Open Market Committee (FOMC) easing cycle
• Anticipate the Committee to chop by 25bp on the assembly this week, November 6 and seven

https://photos.ubaidahsan.com/photos/non-farm%20payrolls%20chart_id_4835ff3b-008c-40a9-a41f-be620ef34131_size900.jpg

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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