Latest Updates: Market Impact of the War in Ukraine

Taper Timing Questioned After Payroll Shocker


The "substantial further progress" Fed officials were hoping to see in payroll growth didn’t happen. In fact, the meager +235k jobs added to nonfarm payrolls in August was less than a third of the +733k median forecast and fell well below the lowest estimate in the survey. The bottom line is that a taper announcement at the September FOMC meeting is likely off-the-table.


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