US Economics

US Data Response

3 August, 2018

Employment Report (Jul.) & International Trade (Jun.)

Non-farm payrolls increased by a more modest 157,000 in July but, with the gain in the preceding two months revised up by a cumulative 59,000, the labour market still appears to be in good health and any negative market reaction should be limited. This won’t derail the Fed’s plans to hike interest rates again next month.

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