#USJobsReportInFocus

About USJobsReportInFocus

October’s ISM manufacturing PMI rose to 55.5, beating the 54.7 forecast, while the prices index stayed elevated at 75.2. The Fed held rates at 3.75%-4.00%, September core PCE reached 3.1% YoY, and markets price in a ~70% chance of a 25 bps December hike. The October jobs report is due Nov 6 at 13:30 UTC, with payrolls expected to rise ~60K and unemployment to hold at 4.2%. Could the data shift rate expectations and move Treasuries, the dollar and risk assets?