NFP could give the FOMC the confidence it needs to push ahead aggressively against inflation – Wells Fargo – by MSalordFX NFP Banks
Wells Fargo, at least a 50 bps rate hike at the September 20-21 FOMC meeting seems likely at this point in time, and yet another 75 bps hike could be in store if inflation over the next two inflation reports shows no signs of trending lower.“If the U.S. economy is in a recession, no one seems to have told employers. Nonfarm payroll growth in July was more than double the Bloomberg consensus, registering a 528K monthly gain. This marked the second fastest pace of job growth in 2022.
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