Last Friday, US Non-Farm Payrolls underwhelmed markets with a print of +199,000 vs an expectation of +400,000. However, the Unemployment Rate fell to 3.9% from 4.1% and Average Hourly Earnings increased by 0.6% MoM vs 0.4% last. Despite the miss in the headline NFP print, traders are pricing in 4 rate hikes for 2022. Indeed, […]
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