Previewing US jobs

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by Chris Becker

The northern hemisphere summer has ended and with it the most important economic release on the calendar is coming. Tonight’s US monthly non-farm payrolls report will be closely scrutinised and acted upon by risk managers as it sets the gauge for markets for the month to come.

Following the stonking GDP print plus the most recent private jobs data it looks set to surprise on the upside, which could force The Federal Reserve’s hand even if inflationary pressures seem non-existent.

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