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Tepid United States employment-related data hit the US Dollar ahead of the NFP release. Wall Street is under pressure but not far below record highs. XAU/USD trades with a soft tone in the $2,630 region, could well reach fresh weekly lows. 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