Analysts: Non-farm payrolls support the Fed to remain on hold, focus shifts to inflation
ChainCatcher news, according to Golden Ten report, Gregory Faranello, head of US interest rate trading and strategy at AmeriVet Securities, said this is a very reliable report, supporting the market's expectation that the Fed will skip this month's meeting and even more meetings. At the time of the transition between two administrations, this is also an important figure. The focus is now on inflation. With the new administration taking office, higher inflation data and a strong job market will increase calls for rate hikes.
