• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Job Data May Determine Fed’s Next Step. Here Is What to Expect.

Feb 10, 2023

Job Data May Determine Fed’s Next Step. Here Is What to Expect.

Tiffany Wilding and Allison Boxer, economists at asset manager PIMCO, identify dangers, explaining their projections for 300,000 new jobs last month in a research report. They highlight variables such as seasonal retail support in February and the gap between a wave of layoff announcements in January — which they expect to take effect in March. Wilding and Boxer also point to a broad trend of resilience in recent unemployment claims. They stated that they believe consensus has upside risks.

But data released Thursday showed that tight labor market conditions might be easing. The Labor Department reported Thursday that initial jobless claims rose to 211,000 in the week ended March 4, the highest level since Christmas. Economists had expected claims to rise to 196,000.

The release of the payroll data on Friday hit a market that is increasingly worried that the economy will continue to be too hot for the Fed's liking. As a result, the S&P 500 had fallen 4.5% since February 2, when the January jobs report caused traders to reconsider the view that the Fed is moving away from its aggressive monetary policy.

Fed Chairman Jerome Powell was clear in testimony before Congress this week the central bank will be dependent on data, emphasizing the jury is out over the next rate decision — even as it is anticipated they will go higher than once thought.

According to the CME FedWatch Tool, futures markets were pricing in a 62% possibility of a 50-basis-point raise on March 22 as of Thursday, up from a 31% chance a week earlier. Earlier in the week, the odds of a half-point hike were considerably greater, hovering above 80% on Wednesday. Shares fell after SVB Financial Group (SIVB) liquidated securities from its portfolio for a $1.8 billion loss, sparking a selloff in bank equities and heightening fears about the impact of increased interest rates.

All of this means that the employment data, along with the consumer price index reading on Tuesday, arrives at a critical time.

After a turbulent week, investors will prefer to see nonfarm payrolls and profit growth that are lower than expected. A greater unemployment rate might also assist.

According to Tom Essaye, the founder of Sevens Report Research, some analysts will focus on wage data, which is theoretically the most crucial element of the report for the Fed because it attempts to reestablish more equilibrium in the labor market.

Yet, in the end, if job growth is high and wages fall, given other inflation indicators, the Fed will remain hawkish.

Last month is not the only thing that is in the spotlight, as the revision may also affect January's data, which some analysts attribute to factors such as strikes and even unseasonably warm weather.

Regardless, Friday promises to give investors something to think about.

Subscribe Our Newsletter

Bitcoin Drops Toward $60,000 As Major Cryptocurrencies Plunge
Bitcoin Drops Toward $60,000 As Major Cryptocurrencies Plunge

On Tuesday, Bitcoin and other cryptocurrencies plummeted from near-record highs. During late morning transactions in Singapore, the world's biggest digital currency plummeted below $60,000.

Crypto
China’s Consumer Spending During Spring Festival Was Weak. But Olympics-Related Wares Were a Hit
China’s Consumer Spending During Spring Festival Was Weak. But Olympics-Related Wares Were a Hit

Tourism and moviegoing performed particularly poorly – both of which are typically strong performers over the Christmas season – but food and Olympic-related items performed better.

Banks and Finance
Tamta

Forex Trading: A Beginner’s Guide
Forex, an abbreviation of "foreign exchange," is something we encounter frequently. When traveling abroad and exchanging your money for the local currency, you simply make a Forex exchange.

discover
Exploring the Metaverse: What Does It Mean for the Future of the Internet?

Milena

Exploring the Metaverse: What Does It Mean for the Future of the Internet?

The Internet is that digital world that gives everyone the opportunity to find interesting information, get new business opportunities, make transactions, create your ecosystem in online games, and be whatever you want to be. When it comes to online gaming and interaction with others, the metaverse is prevalent in the news these days. So what is the metaverse? What are some examples of it and how will it affect the internet and business in the future? Let's find out in this article together!

Fintech

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-300x203.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg

    Alexander

    5 Best Forex CRM Solutions for 2023

    https://liquidity-provider.com/app/uploads/2023/02/cover-300x203.jpg

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy