Agency: Non-farm payroll data will keep the Federal Reserve on the sidelines.
2025-05-02 13:16:52
Gregory Faranello, head of U.S. interest rate trading and strategy at AmeriVet Securities, said there will be clear problems in the future job market due to the impact of tariffs and tax policy. As for the Fed's future policy path, the Fed "will sit on the sidelines" for now, given that employment remains a key driver of economic growth. Earlier Lindsay Rosner, head of multi-sector fixed income investment at Goldman Sachs Asset Management, said that here and now, solid labor market data provides the Fed with room to be patient. (Golden Ten)
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