Shares 112 Views

Key takeaways from the previous week – Nomura

Analysts at Nomura offered their key takeaways from the previous Week.

Key Quotes:

First Insights:

Payrolls grow strongly in January but wage pressure appears weak Nonfarm payrolls increased strongly by 227k in January, slightly higher than expected (Nomura: 205k, Consensus: 180k). Private payrolls added 237k jobs, above expectations (Nomura: 200k, Consensus: 175k), implying that government payrolls declined by 10k. The strength in new jobs was broad-based, but there were signs of a labor market still on the mend. The unemployment rate increased slightly to 4.8% (4.780%) from 4.7% (4.716%).

The labor force participation rate (LFPR) increased modestly by 0.2pp to 62.9% and likely contributed to the increase in the unemployment rate. It is likely that more workers joined the job market encouraged by better job prospects. To this end, the pick-up in the unemployment rate should not be considered as a signal of deterioration in labor markets.

Policy Watch – February FOMC Recap By unanimous vote, the FOMC voted to keep the target range for the federal funds rate at 0.5 – 0.75%. Most striking about today’s statement was the similarity to the December statement: the language on risk and reinvestment policy did not change by a single word. There were some modest changes to the economic conditions and economic outlook paragraphs.”

 

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: