Nonfarm Payrolls surprisingly turned out to be moderate. These are excellent arguments for the Fed not to touch the rate, since labor market is their main mandate along with inflation.
At the same time, stock market is showing steady growth and overheating in some places.
What should the US economy be saved from by lowering the Fed rate?
From Trump's future decisions, or create an influx of liquidity for a good picture so that Trump can further report on GDP growth?
These questions should be asked by engaged Fed chairman.
At 5:00 PM, an interesting ISM services report was released: the growth of new orders against background of falling employment immediately makes us wonder why then such a level of applications to Nonfarm.
The answer is simple, Elon Musk fired a lot of employees during his short career in the White House.
At the same time, stock market is showing steady growth and overheating in some places.
What should the US economy be saved from by lowering the Fed rate?
From Trump's future decisions, or create an influx of liquidity for a good picture so that Trump can further report on GDP growth?
These questions should be asked by engaged Fed chairman.
At 5:00 PM, an interesting ISM services report was released: the growth of new orders against background of falling employment immediately makes us wonder why then such a level of applications to Nonfarm.
The answer is simple, Elon Musk fired a lot of employees during his short career in the White House.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.