The Federal Reserve is set to leave its rates unchanged in June. The first growth and employment forecasts since December will be of high interest. Chair Powell’s comments on supporting the economy, stocks, rates, and fiscal stimulus will likely rock markets. Stocks up, dollar down – that has been the recurring story on most days … “Fed Preview: Fear fueling a greenback comeback or another dollar downer? Five things to watch”
Month: June 2020
NFP: Shocker surge in jobs may trigger a much needed dollar bounce, regardless of stocks
The US gained 2.509 million jobs in May, beating all estimates, lowering the chances for further Fed support. Government support may be behind the move. The urge for the Federal Reserve to act is lower and may strengthen the dollar. Shocker – but a positive one – America is getting back to work, or at … “NFP: Shocker surge in jobs may trigger a much needed dollar bounce, regardless of stocks”