Friday, August 5, 2022

US non-farm payrolls unexpectedly increased by 528,000 in July; Interest rates likely to rise by 3 in September

We.Labour Departmentpublished on 5th JulyemploymentAccording to the report, the various data is still solid. The number of non-farm payrolls increased by 528,000, far higher than the Dow Jones estimate of 258,000. The unemployment rate fell from 3.6% to 3.5%, which was even better than expected, indicating the US job market is still consolidating. The dollar gained in response and US stock futures turned black.

According to Bloomberg Intelligence, the exchange market contract shows that traders currently believe thatirrigatedThe rate hike of 3% in September is more likely than 2%.

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