Trump, Fed, labour market data! Video outlook (german)

About Trump and the US labor market data with its effect on the Fed…

Donald Trump celebrated American Independence Day yesterday with a gigantic military parade – and underlined the claim of the USA as the hegemon of the world (Trump: “Because the sky belongs to the United States of America!”). But the focus of the markets today is the US labor market data – and what the markets don’t really need would be strong data with strongly rising wages. Because then the dominant narrative of the markets would be in trouble, according to which the Fed would support the markets with numerous interest rate cuts – especially since Powell made the decisions of the US Federal Reserve dependent on the outcome of the G20 summit (which was positive) and the incoming data. The world’s leading index, the S&P 500, is now trading at the 3000 level, in a decisive resistance zone…

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