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NFP Takes Center Stage, Will it Help the Hawks or Doves?
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NFP Takes Center Stage, Will it Help the Hawks or Doves?

All eyes on today's NFP report after Wednesday's heavy miss in ADP

Oct 06, 2023
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Early Morning with Dave
Early Morning with Dave
NFP Takes Center Stage, Will it Help the Hawks or Doves?
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Highlights

  • All eyes are on today’s NFP report...

  • ... where we will learn whether labor market conditions will offset or reinforce the hawkish Fedspeak of late

  • Challenger Survey showed the second highest retail layoffs in September in 20 years

  • Cyclical segments of the economy are deflating and the core PCE deflator is running at 2.2% annualized — not too far-off from the “holy grail” of 2%

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