Center stage: The Ministry of Labor Report.
The pivotal event of the day will be the release of the report on new non-farm jobs for November. The consensus anticipates a figure of 175,000, following 150,000 in October, with an annual average of 238,000. Special attention is given to the expected increase of around 50,000 jobs, attributed to the resolution of strikes in the automotive industry and Hollywood. Meanwhile, the demand for labor is diminishing due to the economic slowdown under the influence of the Federal Reserve's stringent monetary conditions.
Labor market data is disclosed ahead of the FOMC meeting scheduled for December 12–13, where the Federal Reserve is likely to maintain the interest rate in the current range of 5.25–5.5%.
We anticipate that the upcoming session will be characterized by increased volatility with a positive risk balance. Sharp fluctuations in quotes are expected at the beginning of trading following the release of the labor market report.
#MinistryofLaborReport #LaborMarket #FOMC #FederalReserve #Volatility #EconomicForecast
The pivotal event of the day will be the release of the report on new non-farm jobs for November. The consensus anticipates a figure of 175,000, following 150,000 in October, with an annual average of 238,000. Special attention is given to the expected increase of around 50,000 jobs, attributed to the resolution of strikes in the automotive industry and Hollywood. Meanwhile, the demand for labor is diminishing due to the economic slowdown under the influence of the Federal Reserve's stringent monetary conditions.
Labor market data is disclosed ahead of the FOMC meeting scheduled for December 12–13, where the Federal Reserve is likely to maintain the interest rate in the current range of 5.25–5.5%.
We anticipate that the upcoming session will be characterized by increased volatility with a positive risk balance. Sharp fluctuations in quotes are expected at the beginning of trading following the release of the labor market report.
#MinistryofLaborReport #LaborMarket #FOMC #FederalReserve #Volatility #EconomicForecast