According to economists surveyed by The Wall Street Journal today, the US jobs report saw 943,000 jobs created last month, compared with 845,000 expected. In its analysis, Ativa also highlighted the progress of wage benefits per hour worked and the upward revision of June payroll numbers, which created 850,000 to 938 thousand jobs.
Sanchez says the question is no longer whether the Fed will begin “taping” (the process of easing monetary stimulus) in 2021, but whether, in fact, the reduction in asset purchases will be stronger, to some 25%. The current US$120 billion per month, “or if it will only be half that”.
“The fact that Jackson Hole has doubled its weight. The discussions in the program are expected to be announced, as expected, and the next payroll may be the last straw for a cup that is almost entirely out of today’s hype. Filled up,” he says.
The brokerage professional says that the process of increasing the interest rate should, in fact, take place only at the end of 2022, “but it is worth remembering that some time ago we expected such an increase only in 2023”.
This content was originally published in Valor Pro, Valor’s real-time information service.