Yulia Slavina

Negative payroll possibility questions Fed hikes, Anna Wong notes

Negative payroll possibility questions Fed hikes, Anna Wong notes
No Fed hikes after two negative payrolls

Anna Wong raises the possibility that the upcoming U.S. payrolls data could disappoint, with a notable chance that the figure could be negative.

She points out that, in the modern era, there is no precedent for the Federal Reserve raising rates after two consecutive negative payroll prints. Wong questions whether the odds for a future rate hike remain balanced at 50-50 under these circumstances.

Wong has previously said that bond market volatility could increase if concerns arise over a potential Treasury-Fed accord, underscoring the importance of Fed independence. She has also pointed out that core CPI and labor costs have indicated 2 percent inflation, noting an unusual gap with PCE measures. These comments follow her ongoing analysis of key U.S. economic indicators.

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