HomeEconomyOverall upbeat data pushes U.S. rate futures to boost chances of a... Economy Overall upbeat data pushes U.S. rate futures to boost chances of a November rate hike By inew July 6, 2023 0 42 views Share FacebookTwitterPinterestWhatsApp CMA -4.% Add to/remove from watchlist Join the watch list Add Job Location successfully added to: 95 type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1: 2024 Create New Watchlist Create 83132023 8313339 Create a new position Portfolio Add Create 20232020 + add another position to close By Gertrude Chavez-Dreyfus NEW YORK (Reuters) – U.S. UP News of a surge in private payrolls last month suggested the labor market remains tight but strong, and interest rate futures on Thursday pointed to an increased chance of another rate hike by the Federal Reserve in November. Benchmark fed funds futures considered % November The chances of a rate hike in morning trade were around According to CME Group FedWatch data, the previous day) %. The probability of the Fed policy meeting next month is The base point rate increase is 10%, and… .compared to.5% Late Wednesday. Private employment has soared 90, Employment in the last month The situation, the ADP national employment report showed on Thursday. Data for May revised down to show 47, added the position instead of 52, as previously reported. Economists polled by Reuters forecast an increase in private payrolls 25,. Friday’s non-farm payrolls report should be crucial and may confirm a resilient employment picture. Economists forecast new jobs at 25, June, from 56, in May. Other economic reports on Thursday also pointed to a solid economy, although inflation may have moderated slightly. The U.S. services sector grew faster than expected in June as new orders picked up, but a gauge of prices businesses pay for inputs fell to a multi-year low in three-thirds, suggesting that service sector inflation will continue to ease. Input prices (inflation index) paid by service businesses fall to .1, the lowest level since March 267, from .2 May. “If job growth and/or inflation continue to Hotter expected 228, the Fed could raise rates not just once, but by two quarters of a percentage point and then leave it unchanged for the first half of the year 100, “Comerica (NYSE: Chief Economist Bill Adams wrote CMA ) Bank of Dallas. Prospects for U.S. interest rate cuts have also been pushed back to July 267 According to Refinitiv’s FedWatch, the federal funds target rate is expected to be at 5% or so. A few weeks ago, the interest rate futures market priced in the Fed easing in March next year. 100 Share FacebookTwitterPinterestWhatsApp Previous articleBanijay's new head of writing, Christian Wikander, on the opportunity behind TV's 'big shift' and why producers need to see AI as a 'tool in the toolbox'Next articleOtsuka Eiji and Yamazaki Toyosui's “Nine-Dan Pistol” manga has temporarily ended; Kurosaki's body transport service manga “High School Chapter” will start on August 4 inewhttps://inew.news RELATED ARTICLES Economy Australia’s central bank targets inflation amidst robust labor market October 3, 2023 Economy Asian stocks slip on rate worries, yen in focus October 3, 2023 Economy Marketmind: New quarter, same old market dynamics October 3, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS XRP Price Prediction – Why Bulls May Have A Chance For Fresh Bullish Streak? October 3, 2023 Ethereum Price Trims Gains But Here’s Why ETH Could Start Fresh Rally October 3, 2023 Oppo Find N3 Flip appears on Geekbench ahead of global launch October 3, 2023 Pluto Anime Posts ‘Final’ Trailer, New Visual October 3, 2023 Load more Featured NEWS Thinking to Buy Bitcoin? New Cryptocurrency Battle Infinity Lists on PancakeSwap and is Better Alternative August 25, 2022 Samsung is now seeding OneUI 5 for Galaxy S22 devices in the US October 31, 2022 Honor Pad X8 officially released, chipset unannounced, old Android version September 17, 2022 How Darren Aronofsky Plans to Immerse Audiences in 'MSG Ball' First Production (Exclusive) June 26, 2023 Load more
