US Payrolls in March to Send Further Indicators to Fed's Rate Hike Schedule

The focus of this week is Friday's US employment report for March as it would give further hints of Fed's tightening outlook. The market currently forecast that the number of non-farm payrolls increased +250K in March, compared with a +295K addition a month ago. The unemployment rate probably stayed unchanged at 5.5% while the average hourly earnings gained +0.2% m/m, compared with a +0.1% increase in February.

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US Payrolls in March to Send Further Indicators to Fed's Rate Hike Schedule