Strong US jobs data might coax Fed to begin its policy normalisation this year
6 February 2015, 12:54
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The Danske Bank Research Team previews today’s US employment data release, and further predict a strong job growth and rebound in wages to lead Fed to begin its policy normalisation this year.
Key Quotes
“The main event is the US employment report for January, which we expect to show continued solid job growth.”
“We look for a total increase of 215,000 with 200,000 new jobs in the private sector and 15,000 new government jobs.”
“Average hourly earnings fell steeply in December and we look for a rebound in January.”
“We expect the unemployment rate to remain steady at 5.6%.”
“Solid job growth and a rebound in wage inflation should make the Fed more comfortable with starting the normalisation process this year”
Key Quotes
“The main event is the US employment report for January, which we expect to show continued solid job growth.”
“We look for a total increase of 215,000 with 200,000 new jobs in the private sector and 15,000 new government jobs.”
“Average hourly earnings fell steeply in December and we look for a rebound in January.”
“We expect the unemployment rate to remain steady at 5.6%.”
“Solid job growth and a rebound in wage inflation should make the Fed more comfortable with starting the normalisation process this year”
