With Treasury yields this low, who needs QE3? And by extension, does today?s nonfarm payrolls report matter to the financial markets?
Friday morning, we get the biggest labor market indicator of the month: February nonfarm payrolls (NFP), due out at 8:30 AM ET. Economists expect nonfarm payrolls to rise by 165,000 after adding 157,000 the month before. Private pay... Read Post
If you're hoping for the Federal Reserve to announce more easy monetary policy at its August meeting, then tomorrow's June jobs report will need to show a negative nonfarm payrolls number, Morgan Stanley's David Greenlaw says. Howev... Read Post
The August jobs report is out and markets are reacting. Dow futures are up around 12 points right now. The 10-year yield is at 1.65%. U.S. companies added 96k nonfarm payrolls, which was much lower than the 150k forecast by economis... Read Post