At 8:30 PM tonight, the US unemployment rate data for September will soon be revealed. Last month it was 4.2%.
The financial sector is abuzz with discussions. Most institutions speculate between 4.2% and 4.4%. Big players like ABN AMRO, Citigroup, and Goldman Sachs are betting on 4.3%. Scotiabank seems to be more optimistic, thinking it could be 4.1%.
Some institutions believe that the numbers will not change. BNP Paribas, Barclays, and Bank of America have all said it might still be 4.2%. However, Daiwa Capital seems a bit concerned, predicting 4.4%.
Reuters summarized these opinions and arrived at a market expectation of 4.3%, slightly higher than last month. This may indicate that the job market is not looking too good.
This data is quite crucial. The Federal Reserve is definitely keeping an eye on it. If the unemployment rate exceeds expectations, the likelihood of a rate cut will increase. Investors should pay close attention, as the market reaction could be very dramatic after the data is released.
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The unemployment rate in the U.S. for September is announced today, expected to be 4.3%.
At 8:30 PM tonight, the US unemployment rate data for September will soon be revealed. Last month it was 4.2%.
The financial sector is abuzz with discussions. Most institutions speculate between 4.2% and 4.4%. Big players like ABN AMRO, Citigroup, and Goldman Sachs are betting on 4.3%. Scotiabank seems to be more optimistic, thinking it could be 4.1%.
Some institutions believe that the numbers will not change. BNP Paribas, Barclays, and Bank of America have all said it might still be 4.2%. However, Daiwa Capital seems a bit concerned, predicting 4.4%.
Reuters summarized these opinions and arrived at a market expectation of 4.3%, slightly higher than last month. This may indicate that the job market is not looking too good.
This data is quite crucial. The Federal Reserve is definitely keeping an eye on it. If the unemployment rate exceeds expectations, the likelihood of a rate cut will increase. Investors should pay close attention, as the market reaction could be very dramatic after the data is released.