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4 Sep 2015
G-20 Preview: Chinese policy action likely to be discussed - ING
FXStreet (Delhi) – Analysts at ING expects that the recent Chinese policy action and financial market volatility is likely to be a key topic for discussion at the G20 Finance Minister and Central Bank Governor meetings over the next couple of days.
Key Quotes
“We are likely to hear plenty of soothing words as policy makers continue to try and calm the situation.”
“As for the data, the US jobs report will set the tone. With the general feel of other labour market data suggesting that we shouldn’t expect any real change in the payrolls change trend seen over the last six months, we look for jobs growth of just over 200k.”
“However, the unemployment rate will likely dip and we may finally see a bit more wage pressure, but this probably won’t be enough to get a majority on the FOMC to vote for a rate rise given the lack of inflationary pressures.”
Key Quotes
“We are likely to hear plenty of soothing words as policy makers continue to try and calm the situation.”
“As for the data, the US jobs report will set the tone. With the general feel of other labour market data suggesting that we shouldn’t expect any real change in the payrolls change trend seen over the last six months, we look for jobs growth of just over 200k.”
“However, the unemployment rate will likely dip and we may finally see a bit more wage pressure, but this probably won’t be enough to get a majority on the FOMC to vote for a rate rise given the lack of inflationary pressures.”