Jobs Give Fed Green Light to Hike, but Bear Says Remember 1994

The first report of the Trump administration did not disappoint: Nonfarm payrolls were up 235,000 in February, more than the 200,000 expected by economists, and wages rose at the expected pace of 2.8%.

The euro weakened slightly versus the dollar immediately after the news as the data clear the way for the Fed to raise interest rates next week and possibly even quicken the pace at which it tightens monetary policy so as not to be left too far behind the curve. The single European currency then resumed its course higher, after a less-dovish-than-usual news conference by European Central Bank President Mario Draghi yesterday....435 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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