Investors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons.
Wall Street forecasters were split on which way the surprise might come, with most around the consensus. Citigroup, for instance, is looking for a gain of 265,000, while Nomura expects 285,000.For investors, the focus will be keen on what wages are saying about the state of the labor market.
Policymakers essentially are looking for Goldilocks — trying to find monetary policy that is restrictive enough to bring down prices while not so tight that it drags the economy into a steep recession. "I want Americans to earn more money. I want families to have more money to put food on the table. But it's got to be consistent with a stable economy, an economy of 2% growth" in inflation, Minneapolis Fed President Neel Kashkari said Thursday during a Q&A session at a conference."Wage growth is higher than you would expect for an economy delivering 2% inflation. So that gives me some concern.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warmer Afternoons Through Friday, Cooler This Weekend - Alabama NewsTemperatures trend warmer Wednesday afternoon, with highs in the low to mid 80s. Temperatures turn cooler overnight, with lows in the upper 40s to low 50s. Although, Thursday afternoon temperatures trend warmer.
Read more »
Art Attack: First Friday Welcomes the Spirits of Día De Los MuertosPaint the town!
Read more »
Glitch: An exciting new Netflix release is coming on Friday for K-drama fansOn October 7, Netflix is debuting a new K-drama: 'Glitch,' about a woman who can see aliens and whose boyfriend disappears because of them.
Read more »
REI makes closing its stores on Black Friday permanentOutdoor retailer REI announced Tuesday it is making its practice of remaining closed on Black Friday and paying its employees to go outside permanent.
Read more »
Ice Cube Says Warner Bros. Rejected Two of His Scripts for a New ‘Friday’ SequelThe star lamented the struggles he says he's endured in trying to move forward with a fourth film in the comedy franchise.
Read more »
Ice Cube Says Warner Bros. Rejected Two Friday Sequel Scripts: 'They F-cked It Up'IceCube says Warner Bros. rejected two scripts for a fourth Friday movie, titled Last Friday: 'They just f'd it up.'
Read more »