The May Labor Market Likely To Be Weak - Yet The Fed Might Still Need To Hike
The May labor market is expected to show weakness, with payroll forecasts at 96,000 jobs. Despite this, the Federal Reserve may still consider raising interest rates due to underlying economic conditions. Analysts are closely monitoring soft PMI and Fed survey data that could influence these decisions.
- ▪May payrolls are forecasted to be 96,000, indicating potential weakness in the labor market.
- ▪There are downside risks associated with soft PMIs and Federal Reserve surveys.
- ▪The Federal Reserve might still need to hike interest rates despite the weak labor market outlook.
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