May and also April saw poor jobs growth. Is it mostly the result of the Verizon strike? We will get some answers now. Markets expect a big bounce with 174K and perhaps some revisions. The Fed was certainly worried about this slowdown. So far, inflation was worrying and jobs always looked solid, but the recent publications were worrying. On the wages front, things are expected to follow the previous path of 0.2% m/m and 2.5% and surprises could result in wages returning to dominate the scene. With Brexit, a rate hike is off the cards, but the event always moves the USD.
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