This week the FED's FOMC will be watching some extremely important data being published this week. That data is the Non Farm Payroll Report due out on Friday, which disappointed markets when the August figures were announced. we shall analyse what the expectations are and how this may influence the FOMC decision on interest rates at the end of October.
Join our inner sanctum:
Gold & Silver Weekly Update w/e 27th September 2019
Could Lower China Growth Rates Lead to Lower Silver Prices?
Should You BUY Gold & SELL Silver & Have Their Prices Already Peaked?
Gold & Silver Falls Back as Dollar Strengthens - Explanation!
Will an Economic Collapse lead to a Gold Standard or a Digital Currency Solution?
Should You BUY Gold & SELL Silver & Have Their Prices Already Peaked?
Why China's Central Bank Buys So Much Gold
$200 Bn Fed Cash Injection - Effect On Gold and Silver - Explanation
Why $1450 Gold and $17.50 Silver should be expected Soon
Will The FED Cut Rates Today and what will happen to Gold and Silver Prices?
Gold & Silver Prices Fall on FED Rate Cut Announcement
Why Gold & Silver Failed to Rise Dramatically after the Weekend
Massive Bond Selling Could lead to Higher Gold & Silver Prices - But Will It?
Gold & Silver Prices Manipulated by 'Spoofing'
Gold & Silver Rise as ECB Cuts Rates and Introduces QE
Why Gold & Silver Prices Are Rising Again
Why Does Russia Keep Buying Gold?
China Buys More Gold to Beef Up Reserves
Why Did Silver Prices FALL Yesterday?
Gold & Silver Price Forecast 2019 - illuminati silver
Gold & Silver Price Predictions 2019 in Sterling - illuminati silver
$1800 Gold and $22.50 Silver in 2019 - Is This Possible?
Inverted Yield Curve Explained - Stocks, Gold & Silver Price Ramifications
Today is Sunday 29th September 2019 and we are alerting our subscribers to some very important data being announced this coming week which could give a very clear indication as to whether the FED will reduce rates further or leave them unchanged at its meeting on 29th & 30th October.
When the payroll report was announced earlier this month, it fell considerably short of expectations. In fact, there were a number of important takeaways from the August figures:
• Nonfarm payrolls increased by just 130,000 in August, in large
part to the temporary hiring of Census workers.
• The increase fell short of Wall Street estimates for 150,000,
while the unemployment rate stayed at 3.7%, as expected.
• July and June job figures were also revised lower.
• Excluding government hiring, private payrolls grew by just
96,000, the lowest pace since February.
On Friday, economists are expecting 145,000 new jobs to be created. If the figures are less than this, then there is every possibility that the FED will lower rates again at the end of October. If, however, they are much stronger and August was just a blip, the FED may be reticent to lower rates, especially as the FOMC is split on the issue and may wait until December.
Jerome Powell the FED Chair will be speaking at a “FED Listens” event in Washington on Friday, after the figures have been announced and so one can anticipate that journalists, analysts and economists will be listening very closely to what he has to say together with any comments he may make on the recent FED Repo purchases.
So, we wanted you to be aware of this coming up and to look out for this announcement and watch out for any comments coming from Jerome Powell on Friday. Our best guess at this stage is that the figures will prove close to estimates, but we have been surprised before and will not be surprised to be surprised again.
0 Comments