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Jobs And Jay

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Jobs And Jay

It’s the first week of a new month and you know what that means: Top-tier US macro data. Lots of it.

The big event’s obviously payrolls. Economists expect to hear the US added 146,000 jobs in September.

Assuming consensus and, naively, no revisions, the three-month moving average for the NFP headline would move up to 126,000. But there will be revisions. And, as market participants were reminded following the last US jobs report, the revisions can be more meaningful than the headline for monet

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