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Oil prices are broadly flat on the day, retreating further away from $70, as traders brace for OPEC+ decision on supply cuts. OPEC+ needs to overdeliver on market expectations in order to prevent Oil prices from dropping further. The US Dollar Index remains stuck in a tight range ahead of Friday’s US Nonfarm payrolls release. 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