A quick preview look at Friday's non-farm payroll (NFP) from Nomura analysts:
- "Fed will likely err on the side of staying accommodative longer rather than tightening too early
- Especially as recent U.S. data softened with jobs being the only exception
- Anything short of an overwhelmingly
positive report like January's NFP ... would likely not be enough to convince the market that the Fed is now closer to liftoff than before"
Given the severe weather this last month, there is a risk the NFP could disappoint. Maybe its more of a weather report than a jobs report
ps. If you read the headline to the post ... "Nomura - says anything less than overwhelmingly positive from the NFP won't convince"
and your response was "Of what?"
Yeah, fair enough .... limitiations on headline length sorry.
If you have an idea for a better headline, welcome in the comments!
(Eg. "We're all doomed" .... that'd be a good one ;-D LOL)