Powell and US labor market data! Video outlook (german)

The markets today will focus on two events: first, the US labor market data (2.30 p.m.), and second, Jerome Powell’s speech in Zurich (6.30 p.m.). Yesterday a strong rally due to the renewed hopes in the trade war (in the video a scheme that repeats itself again and again) and good US economic data – but all this could make the Fed more hesitant in terms of interest rate cuts. So it’s all the more important whether the US labour market data, the most important economic data for the US, confirms these latest figures today – and whether Powell’s statements fulfill the markets’ hopes of interest rate cuts (currently pricing in 4.4 cuts over the next twelve months). Today, there is a certain reconciliation between expectations and reality.

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