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The U.S. net revision for the previous two months to the nonfarm payroll report added 84,000 in October.
Andreas Steno Larsen highlighted that these cumulative two-month payroll revisions are a popular metric for assessing labor market trends.
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Steno Larsen has previously noted that both inflation and real growth are key drivers of nominal yields. He also reported that economists in a Wall Street Journal survey continued to forecast 2 percent inflation within 18 to 24 months despite repeated misses, according to recent data. These reports highlight areas closely watched by market analysts.