Friday, 04 February, 2022
US JOBS DATA:
– NFP +467k is a strong number after ADP headfake
– Avg Hourly Earnings: moving higher on MoM and YoY basis
– Unemployment increased more than expected but Under
Employment (U6) edged lower.
– Participation higher than expected.
… Data enough to reinforce Fed hawkish bias, US rates @
1.873% and Real Rates moving higher with a DXY rebound.
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