Nonfarm payrolls support Fed hold, focus shifts to inflation
On January 10, Gregory Faranello, head of U.S. interest rate trading and strategy at AmeriVet Securities, said it was a very solid report that supported market expectations that the Fed would skip this month's meeting or even more. It's also an important number at a time when two administrations are transitioning. The focus now turns to inflation. Higher inflation numbers and a strong job market will increase calls for a rate hike as a new administration takes office.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: UBS and Jane Street, among other companies, collectively hold HYPE spot ETFs worth $75 million
BTC breaks above $80,000
Machi Big Brother Sent FRIEND Up 1,500%. Then Ditched $1M Deal
Focus Universal issues 279,330 shares after warrant exercises raise $3.72 million
Crypto prices
More
