The US Non-Farm Payrolls report is expected to show an acceleration in wage growth, to 2.8% y/y. These are high levels that imply a robust pace of rate hikes. Job growth is forecast to remain around the 200K level. The US imposed tariffs on China and this serves as a significant diversion from the important economic data. Markets have yet to react to the news which was expected.
Join Valeria Bednarik and me for a live coverage of the all-important event: