Institutions: Market reactions to non farm payroll report vary, Federal Reserve has room to wait for more data

On November 20th, Seema Shah, an analyst at Principal Asset Management, commented on the US September non farm payroll: Market reactions to non farm payroll report vary. The stock market welcomes the higher than expected employment figures, indicating that the economy remains stable; The bond market, on the other hand, is more concerned about the rising unemployment rate and slowing wage growth, which may still leave the possibility of the Federal Reserve cutting interest rates in December. Today's employment data is unlikely to make the Federal Reserve inclined to cut interest rates in December. Even so, staying put in December is not a serious mistake. Although the low consumer confidence highlights concerns about job security, the labor market situation, although soft, is by no means a recession, providing the Federal Reserve with breathing space to take decisive action after having sufficient persuasive data.