Western Union:The market camp betting on a 2015 U.S. rate hike got a big backer: the world's biggest economy. The dollar soared after U.S. job growth easily topped forecasts (+225,000) with a gain of 280,000 in May. The …
The market camp betting on a 2015 U.S. rate hike got a big backer: the world's biggest economy. The dollar soared after U.S. job growth easily topped forecasts (+225,000) with a gain of 280,000 in May.
The workforce grew which caused unemployment to increase a tick to 5.5%, a still decent level. Perhaps the best news though came from wage growth which also beat expectations with a 0.3% gain.
Today's robust jobs report appeared at odds with the IMF who this week called on the Fed to hold fire on a rate hike until next year. Fed officials in favor of raising interest rates sooner rather than later will find compelling ammunition in today's jobs report. The Fed announces its next policy decision in less than two weeks on June 17.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
