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3 Feb 2016
All eyes on US ADP employment data – Rabobank
FXStreet (Delhi) – Research Team at Rabobank, suggests that In the US, ADP releases its estimate of employment change, ahead of the official non-farm payrolls report which will be released on Friday.
Key Quotes
“Although recent employment figures, looking just at the number of jobs, have been quite strong, the fourth quarter was a slow one in terms of US growth. Therefore, even if headline jobs data comes in strong, we continue to doubt that the Fed will be able to deliver the four rate hikes currently suggested in the dot plot. Still, for the time being the US central bank seems set to remain the odd duck out, being the only one to (carefully) look up.”
Key Quotes
“Although recent employment figures, looking just at the number of jobs, have been quite strong, the fourth quarter was a slow one in terms of US growth. Therefore, even if headline jobs data comes in strong, we continue to doubt that the Fed will be able to deliver the four rate hikes currently suggested in the dot plot. Still, for the time being the US central bank seems set to remain the odd duck out, being the only one to (carefully) look up.”