Potential Impact of Upcoming U.S. Jobs Report on Risk Assets

Oct 04, 2024

Bank of America's renowned strategist, Michael Hartnett, suggests that risk assets could see an increase if the upcoming U.S. non-farm payroll report aligns with expectations. Hartnett predicts that if the report shows job growth between 125,000 to 175,000 for the previous month, it would support the notion of a soft economic landing. This could help keep bond yields within a stable range, thereby encouraging risk appetite in the markets.

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