Strong Non-Farm Payrolls Ahead? Expect Aggressive Fed Rate Hikes, Macro Wiz Says
Portfolio Pulse from Piero Cingari
Investors are anticipating the release of non-farm payrolls, unemployment rate, and salary growth figures this Friday. The data serves as the final key indicator before the June 14 release of inflation data and the Federal Open Market Committee meeting. Arora Report CEO Nigam Arora predicts a 50% likelihood of non-farm payrolls in May exceeding expectations and anticipates two or three Fed rate hikes in the upcoming meetings.
May 31, 2023 | 4:56 pm
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NEUTRAL IMPACT
The upcoming non-farm payrolls report and potential Fed rate hikes may impact the iShares U.S. Treasury Bond ETF (GOVT).
The non-farm payrolls report and potential Fed rate hikes can influence bond prices and yields. As GOVT is an ETF that tracks U.S. Treasury bonds, it may be affected by these events. However, the exact impact will depend on the actual data released and the market's reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
The upcoming non-farm payrolls report and potential Fed rate hikes may impact the iShares 20+ Year Treasury Bond ETF (TLT).
The non-farm payrolls report and potential Fed rate hikes can influence bond prices and yields. As TLT is an ETF that tracks long-term U.S. Treasury bonds, it may be affected by these events. However, the exact impact will depend on the actual data released and the market's reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50