(New York = Yonhap Infomax) Reporter Jeong Seon-young = As the US non-farm employment index for April came out lower than Wall Street expected, experts assess that employment easing is at the Goldilocks level.
US Federal Reserve System (Fed) Source: Yonhap News Data Photo
There were also expectations that the US Federal Reserve System (Fed) would continue its increasingly dovish stance.
On the 3rd (local time), Allianz Group advisor Mohamed El-Erian posted on his “And in the process, it caused the stock market to rise overall,” he said.
According to CNBC, Allianz Trade economist Dan North said, “If you look at this report, the temperature of the porridge (porridge) is fine,” and “we can expect the job market to slow down a bit due to higher interest rates. .” “But we’re still at a pretty high level,” he noted.
Experts also left open the possibility that interest rate cut talks could resume.
“This is the employment report the Fed should have produced,” said Seema Shah, chief global strategist at Chief Asset Management “With the first drop in employment growth in months and a decline in wage growth per hour on average, there will be talk of a cut in the rate come back to the market.” he said.
He said, “This explains why the Chairman of the Federal Reserve, Jerome Powell, was able to take a tame stance.”
syjung@yna.co.kr
(end)
This article was published on the Infomax financial information terminal at 23:15, two hours earlier.
Send an article to SNS Send an article to Facebook Send an article to Twitter Send an article to Kakao Story Send an article to Kakao Chat Send an article to Naver Band Send an article to Naver Blog Send an article to Pinterest Find other shares
#Goldilocks #Employment #Expert #Views #NonFarm #Employment #April
