Issa explained: "The unemployment rate has decreased, which was not expected, and the participation rate has increased, and this figure does not help anyone to predict whether Federal Reserve It will need to approve an increase of 25 or 50 basis points at its next meeting".
price movements
did not change dollar In front of a basket of currencies, only slightly, in Friday’s trading, to record 105.11, following hitting 105.63 earlier, which is the highest level since December 7th.
There have been no significant changes to euro Also today, to record $1.0524, and the dollar rose 0.20 percent once morest Japanese Yen to 133.64.
and raise US Federal Reserve Interest rates increased by 50 basis points at its meeting in December, following four consecutive increases of 75 basis points.
Federal Reserve fund futures traders increased their bets that the US central bank will raise interest rates by 25 basis points at the end of its two-day meeting on February 1, following Friday’s data came out.
Consumer price data due to be published on January 12 may affect the Fed’s policy.
The data is expected to show that headline inflation was unchanged in December, while core inflation rose 0.3 percent.
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Economists had expected an addition of 200,000 jobs.
Wages increased by 0.3% last month, compared to 0.4% in November, and less than expectations for a further 0.4% rise.
This led to a decrease in the increase in wages on an annual basis to 4.6 percent, compared to 4.8 percent in November.
“There was some fear of a big pickup in terms of job growth, which was a possibility due to the seasonal changes that are common in December,” said Mazen Issa, chief foreign exchange analyst at TD Securities in New York.
Issa added that the decline in wage growth is also “encouraging” but noted that there are negative elements in the data.
Issa explained: “The unemployment rate has decreased, which was not expected, and the participation rate has increased, and this figure does not help anyone predict whether Federal Reserve He will need to approve an increase of 25 or 50 basis points at his next meeting.”
price movements
did not change dollar In front of a basket of currencies, only slightly, in Friday’s trading, to record 105.11, following hitting 105.63 earlier, which is the highest level since December 7th.
There have been no significant changes to euro Also today, to record $1.0524, and the dollar rose 0.20 percent once morest Japanese Yen to 133.64.
and raise US Federal Reserve Interest rates increased by 50 basis points at its meeting in December, following four consecutive increases of 75 basis points.
Federal Reserve fund futures traders increased their bets that the US central bank will raise interest rates by 25 basis points at the end of its two-day meeting on February 1, following Friday’s data came out.
Consumer price data due to be published on January 12 may affect the Fed’s policy.
The data is expected to show that headline inflation was unchanged in December, while core inflation rose 0.3 percent.
