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EUR/USD climbs above 1.0550 after weekly US Initial Jobless Claims came in higher-than-projected. The ECB is expected to cut its Deposit Facility Rate by 25 bps to 3% next week. The fallout of the French government would keep the Euro on tenterhooks. 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