NFP numbers came in at 150K , below consensus estimates of 180K and following a downward revision to last month's number to 297K from 336K
U/R inched slightly to 3.9%
Mom Average earnings came in lower at 0.20%
After the gains in labor productivity yesterday, Markets will cheer this number.
On the Usd index , 105.50 if cleared signals a swing top in place with more likely downside momentum possible. Im watching- US2s 4.90% resistance and US10s 4.50% resistance.
Basis the current implied pricing , peak terminal FFR is seen at 5.36% and Dec 2024 is seen at 4.43%.
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