Jobs growth to remain solid says Citi, expects Fed to cut by 50bps
Investing.com -- As per analysts at Citi Research, the U.S. job market remains strong, even as the overall economy shows signs of slowing down.
Citi analysts highlight that despite the broader economic headwinds, job growth in the U.S. remains relatively solid. For August, Citi forecasts a modest increase of 125,000 in nonfarm payrolls, a slight uptick from July's figure of 114,000. This rate cut would be justified by the perceived downside risks to the labor market, particularly if job growth falls below 175,000 and the unemployment rate remains elevated.
Citi Research analysts suggest that a 50bps cut in September could be the beginning of a series of rate reductions by the Fed, with additional cuts likely at subsequent meetings depending on economic data, particularly from the labor market.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
If the unemployment rate is 4.3%, Fed will cut by 50bps: CitiIf the unemployment rate is 4.3%, Fed will cut by 50bps: Citi
Read more »
Stocks Week Ahead: Jobs Data to Rule Out 50bps Fed Rate Cut?Market Overview Analysis by MarketPulse (Zain Vawda) covering: EUR/USD, USD/JPY, Nasdaq 100, XAU/USD. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
Read more »
Dovish risk into Jackson Hole event is that Powell suggests a 50bps rate cut: CitiDovish risk into Jackson Hole event is that Powell suggests a 50bps rate cut: Citi
Read more »
Fed abruptly ending balance sheet reduction in September is unlikely: CitiFed abruptly ending balance sheet reduction in September is unlikely: Citi
Read more »
30-year mortgage rate drops on weak jobs data, Fed rate-cut signalThe interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September, and a downshift in the job market bolstered financial market bets the cuts would be big.
Read more »
Soft August jobs report could sway fed to deliver supersized rate cut in SeptemberSoft August jobs report could sway fed to deliver supersized rate cut in September
Read more »