Forexlive Americas FX news wrap: US jobs report was a “WOW” number
The US jobs report was – as Fed’s Daly put it – a “wow” number. The Non Farm Payroll increased by a whopping 517K. The prior two months were revised higher by 71K. The combined total of 587K far outpaced the expectations of 185K. Wow is right. The unemployment rate moved down to 3.4% (expected […]
Fed’s Daly: The number was a “wow” number. The December Fed policy is a good indicator.
Fed’s Daly on FoxBusiness At the end of the day, nothing new. However, we do know that between yesterday and today, the Fed may not have a higher terminal rate, but they will also not stop tightening or reverse course for an extended time. The next meeting is on March 21. There will be another […]