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Bloomberg: EUR/USD gives up some intraday gains as German Retail Sales decline and Eurozone HICP deflates on month. Investors await the preliminary Eurozone HICP data for November, which will influence the ECB’s likely interest rate cut size prospects. ECB’s Villeroy keeps hopes of an outsize interest rate cut in December on the table. 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