Trial now
ASIA

Coming up in the Asia-Pac session on Friday:

USDCAD TECHS

Returning Lower

US TSYS SUMMARY

Risk-On Ahead July Employment Report

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

St. Louis Fed President James Bullard offered an upbeat outlook for the labor market despite a disappointing reading in April, pointing to anecdotal evidence of strong hiring as well as data showing a near all-time low ratio of unemployed workers to job openings.

"The latest ratio suggests a very tight labor market, which would be consistent with anecdotal reports that it is hard to hire workers," Bullard wrote in a new essay published Thursday, echoing comments he made in a recent MNI interview where he also said he's keenly watching inflation expectations for signs of any undesireable spike.