US Pulse: Strong Jobs Data Point To An Extended Fed Hold

ANZ Research anticipates the Federal Reserve will remain on hold through 2026 as recent labor market data signals hiring normalization and firms demonstrate limited appetite for passing on inflation costs.

Key Takeaways

• 1.The normalization of hiring over the past three months supports the view that the Federal Reserve will maintain current interest rates through the end of 2026.
• 2.Underlying inflation remains contained as businesses face margin compression and are hesitant to pass higher input costs to consumers.

Table of Contents

• Data ahead of FOMC
• The week ahead
• The week that was

Document Preview

Page 1 of 1

Subscribe for full accessStart Free Trial