US NFP: Encouraging for a soft landing – Goldman Sachs

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

Key quotes

“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.”