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Volatile trading in the week ahead


372K new jobs were created, and the unemployment rate remained at 3.6%. The average hourly earnings grew by 5.1% year-on-year, indicating that the salary tension continues. Also, this is one of the factors that the Federal Reserve monitors to measure inflation, which is what the central bank of the United States tries to avoid with its more restrictive monetary policy. Therefore, it can be said that now there are no signs indicating a deep slowdown in the US economy and even less of a recession, as many economists and analysts were already predicting. The current debate in the market focuses on how much the Fed will raise interest rates at its next meeting this month; for now, everything points to another 75-bps hike from the last meeting. This was reflected in the yields of US treasury bonds which, after the figure was known, rose along the curve by around eight basis points. The 10-year bond ended the session at 3.08%.

Source: https://capex.com/en/overview/volatile-trading-in-the-week-ahead
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