Why the US Federal Reserve will be watching Non-Farm Payroll data closely

Tematica Research
By Staff of Tematica Research
Thematic Investing •

Here's why wage data in the May Employment Report will be a focal point

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The US Federal Reserve has been closely watching wage growth out of concern that faster-than-normal pay gains may add to inflation pressures. Chris Versace, CIO of Tematica Research tells IG’s Angeline Ong it’s the average hourly earnings print that will feed into the Fed’s thinking, surrounding the timing of its first interest rate cut.

Video Length: 00:07:29

 

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