The US jobs report was about ‘storms and strikes’ says Goldman Sachs. The numbers ICYMI:
US October non-farm payrolls +12K vs +113K expectedForexlive Americas FX news wrap: The worst non-farm payrolls reading since 2020
Goldman Sachs, in brief:
Strikes and storms were a weight on the October employment reportThe data is an argument for a continuation of the Federal Open Market Committee (FOMC) easing cycleExpect the Committee to cut by 25bp at the meeting this week, November 6 and 7
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This article was written by Eamonn Sheridan at www.forexlive.com.
