Fostering positive change through investments: Generali leverages its role as a key global institutional investor and asset manager to apply strict ESG (Environmental, Social and Governance) criteria to the Group’s investments.
In September payrolls grew by 136k, some 10k below expectations. Employment contracted slightly in the manufacturing sector. However data for the summer were revised up
While job growth is still consistent with falling unemployment (the unemployment rate fell to a 50-year low of 3.5%, better than expected), the data add to the evidence of a slowdown of the economy, just after the disappointing September ISM readings.
The sharp deterioration in the outlook since the FOMC met in September has in our view tilted the balance in favor of another cut, which we expect at the October 30 meeting.
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UNDERWHELMING US JOBS GROWTH ADD TO THE CASE FOR AN OCTOBER RATE CUT
Underwhelming US jobs growth add to the case for an October rate cut
In Short
Highlights:
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CASE FOR AN OCTOBER
RATE CUT
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