Latest News!!! BBH: The Downside Risks Facing the U.S. Job Market Are Greater

Jin Ten Data September 5 - Forex analysts at Brown Brothers Harriman stated that the downside risks facing the U.S. job market are greater.

The employment differential index in the World Large Enterprises Federation Consumer Confidence Index, ADP employment data, JOLTS job vacancy data, and ISM services/manufacturing employment index all indicate that labor demand is cooling. If labor demand significantly declines, it may prompt the Federal Reserve to prioritize full employment over price stability in its dual mandate.

This will put pressure on the U.S. dollar and support the rise of risk assets, as the market will begin to price in the possibility of a 50 basis point rate cut by the Federal Reserve at its Federal Open Market Committee (FOMC) meeting on September 16-17.

Conversely, if the non-farm data meets or exceeds expectations, it will strengthen the case for the Federal Reserve's 'gradual easing cycle' and provide short-term support for the U.S. dollar. #非农就业数据来袭 #美国当周失业金人数