US NFP: Encouraging for a soft landing – Goldman Sachs
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In a recent interview with CNBC, Goldman Sachs Chief Economist Jan Hatzius offered his take on Friday’s United States Nonfarm Payrolls data.
Also read: US Nonfarm Payrolls rise by 223,000 in December vs. 200,000 expected
“We’re growing at a below-trend pace that’s necessary to rebalance the economy.”
“Wage growth is gradually decelerating, price inflation is pretty quickly decelerating.”
“I think that should be encouraging for a soft landing.”
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