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Gold price drops amid rising US Treasury yields diminish its appeal amidst uncertain Fed actions. Mixed US jobless claims data contribute to market volatility ahead of crucial Nonfarm Payrolls release. Fed Chair Powell’s optimistic economic assessment tempers expectations for imminent rate cuts. submitted by /u/Denchock |
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TKL: The “Fed pivot” is officially DEAD – Stocks are crashing after the US added nearly 100,000 MORE jobs than expected in December. The unemployment FELL to 4.1% just after the Fed said the labor market was “weakening.” So, why are stocks crashing? Let us explain.
To begin, the US economy added 256,000 jobs in December, or 92,000 MORE than expected. On average, the US economy