The Bank of England will be keeping a close eye on the employment release. The BoE meets on March 21 and Governor Bailey has eased up on his pushback against rate cut expectations. If Tuesday’s employment numbers are stronger than expected, it will likely raise the odds of a rate cut later this year.
In the US, Friday’s employment release was a mix. Job growth remained strong as nonfarm payrolls rose 275,002 easily beating the market estimate of 200,000 and the downwardly revised 229,001
In the US, Friday’s employment release was a mix. Job growth remained strong as nonfarm payrolls rose 275,002 easily beating the market estimate of 200,000 and the downwardly revised 229,001