April NFP: Getting Ball Rolling For June Hike But Wage Figures To Limit Market Reaction – CIBC

CIBC Research comments on today’s US April jobs reports which showed non-farm payrolls at 211k and the unemployment rate at 4.4%.

CIBC argues that the turnaround in today’s print got the ball rolling for a Fed hike in June, but notes that the only real disappointment was on the annual rate of wage growth which declined to 2.5%.

“Overall, the headline gain in payrolls and decrease in unemployment rate is a step in the right direction, however the wage figures might limit some of the market reaction,” CIBC concludes. 

Source: CIBC Economics – CIBC Capital Markets

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/uxslePjTbKw/april-nfp-getting-ball-rolling-june-hike-wage-figures-limit-market-reaction-cibc

from Online Forex Trading Resource
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