
Fed officials just quit while jobs data tanks - here's what traders need to know
Key Points
- US Dollar struggles as July's jobs report falls short, spark...
The US Dollar is having what you might call a "character-building" week. When July's jobs report showed a measly 73,000 new positions instead of the expected 110,000, traders started eyeing the exit faster than people leaving a timeshare presentation.
When Numbers Don't Add Up
The unemployment rate climbed to 4.2%, which in Fed-speak translates to "maybe we should cut rates before things get awkward." Making matters worse, Fed Governor Adriana Kugler decided this was the perfect time to tender her resignation, because nothing says "confidence in monetary policy" like key officials headin...
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