Daytrader21's Blog

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The State of US Labor Market

Going into today's NFP release there is a rumors going on around the markets that NFP figures will be well below consensus. Over the past few months March payrolls have missed on 6 of the last 7 reports this shows a strong seasonality pattern. Since FED has removed "patience" from their
statement the market is more sensitive to the job report as market participants will beat on a rate hike sooner/later depending if the figures comes strong/weaker.
We have to keep in mind that today is holida
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Fed's Yellen Speach

Today it seems to be the big day for Janet Yellen as she is due to deliver her first monetary policy speech, as the New Fed Chairman, in front of Congress. I think she will continue with the current Fed's rhetoric that QE program worked and that any further reduction in the bond buying program will be "data depending". The only think we should watch is how she will respond to the fact that unemployment rate is still above Fed target and also the inflation ra
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jezz avatar
jezz 11 Feb.

Hm, isn't the text released 90 minutes earlier?

Daytrader21 avatar

Jezz you have sharp eyes:). I have double check it and it's half an hour earlier than what I've posted which means 15:00GMT/10:00ET the same like today's hearing.

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