NFP Preview: More ammo for FOMC hawks?

The US jobs report for March arrives today following last month's surprisingly strong figure of 242000. Even more surprising is that in the wake of the positive picture of the labour market the FOMC left the key target rate unchanged at 0.5%. Today's report may provide more ammunition for the FOMC hawks. The consensus expectation is for an increase of 205000 nonfarm jobs with unemployment remaining steady at 4.9%.

from Mads Koefoed - Authored content https://www.tradingfloor.com/posts/nfp-preview-more-ammo-for-fomc-hawks-7375040?utm_medium=tf4-feed&utm_source=extract