5 Jun 2017
Goldman Sachs on NFP: A bit of a miss, "but they are still strong"
Phil Moffitt, head of fixed income at Goldman Sachs Asset management in Asia-Pacific, out with his afterthoughts on the latest US payrolls data, which disappointed markets last Friday.
Key Points:
Friday's nonfarm payroll result was a bit of a miss, "but they are still strong"
Expects the Federal Reserve wold like tighter financial conditions, thus higher rates and or a higher USD
View is the Federal Reserve serve hikes twice or three times in 2017