60 Seconds in Today's Economy: NFP, Core CPI and ISM Surprises

The day's most critical economic indicators—Nonfarm Payrolls (NFP), Core CPI, and ISM Manufacturing—are set to impact markets in 60 seconds.

U.S. Labor Market Surprises

■NFP data showed unemployment rate at 4.2%.

■Job gains missed expectations by 5.6 percentage points.

■Job separations exceeded expectations by 2.8 percentage points.

Core CPI's Unexpected Move

■Core CPI rose 1.5%, beating expectations.

■Inflation expectations fell by 0.8 percentage points.

■Unemployment rate missed expectations by 3.7 percentage points.

ISM Manufacturing's Surprises

■Manufacturing sector beat expectations by 4.1 points.

■Production capacity missed expectations by 6.3 points.

■Inflation expectations fell by 2.4 percentage points.

While the U.S. labor market outperformed, Core CPI's weak performance may drive the dollar higher. ISM data suggests strong growth in manufacturing, potentially shifting market sentiment away from risk aversion.