Strategist: The Federal Reserve's action in December depends on non-farm payroll and retail data, with wage growth slowing down
Show original
US interest rate strategist Ira Jersey stated that although the overall data is hardly strong, the muted reaction in the interest rate market is not surprising. Ira Jersey is more focused on wage growth, noting that the year-on-year wage growth rate has slowed to 3.5%, the lowest level in this cycle. The Federal Reserve may still take action, but it will need to see the December non-farm payroll and retail sales data before determining whether to act in December. Given the current lack of a clear trend shift in the data, long-term interest rates will continue to fluctuate within a range.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$87,792.1
+1.91%
Ethereum
ETH
$2,953.41
+0.34%
Tether USDt
USDT
$0.9998
+0.00%
BNB
BNB
$873.68
+2.49%
XRP
XRP
$1.93
+2.11%
USDC
USDC
$0.9998
+0.00%
Solana
SOL
$128.62
+1.96%
TRON
TRX
$0.2804
+0.70%
Dogecoin
DOGE
$0.1320
+2.62%
Cardano
ADA
$0.3861
+0.80%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now