SaxoTV
NFP reaction: John Hardy on the job now facing the Fed
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Saxo Bank's Head of FX Strategy John Hardy was live on Saxo TV to give us his reaction to the latest nonfarm payrolls: 173,000 jobs added in August versus 220,000 forecast and an unemployment rate of 5.1% versus 5.2% forecast.
The data is the last set of important figures for the Federal Reserve to consider before an anticipated rate rise this month. Have the latest NFP numbers given Janet Yellen enough room to introduce the first hike or will there be more delay? John also talks through the likely market reaction between now and the Fed's decision.