6 Mar 2015
Credit Suisse: US NFP forecast at 220K, Earnings to match consensus – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares Credit Suisse’s forecast for today’s US labour data.
Key Quotes
“We expect a cool-down in February payrolls following the recent torrid stretch of increases.”
“Our 220K forecast is below the 3m average of 336K, and the 12m average of 267K, and is lower than the current 235k consensus. Still, payrolls growth in the low-200K zone is probably “good enough” to keep the Fed on track for a mid-2015 lift-off, provided the inflation outlook does not deteriorate further.”
“We expect the unemployment rate to back down to 5.6%, and we project February earnings at 0.2% (both in line with consensus).”
“Our official call for today’s payrolls release is not at the high end of the estimate spectrum, but we think it is consistent with a strong response by the USD.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We expect a cool-down in February payrolls following the recent torrid stretch of increases.”
“Our 220K forecast is below the 3m average of 336K, and the 12m average of 267K, and is lower than the current 235k consensus. Still, payrolls growth in the low-200K zone is probably “good enough” to keep the Fed on track for a mid-2015 lift-off, provided the inflation outlook does not deteriorate further.”
“We expect the unemployment rate to back down to 5.6%, and we project February earnings at 0.2% (both in line with consensus).”
“Our official call for today’s payrolls release is not at the high end of the estimate spectrum, but we think it is consistent with a strong response by the USD.”
This content has been provided under specific arrangement with eFXnews.