Tepid wage growth is threat to March Fed rate hike - GKFX
March rate hike is looking more likely with each passing day, given the record highs in the stock markets, rising inflation and relative calm across the globe.
Even markets look ready for a 25 bps hike, which is evident from the CME data rate hike probability at 70%.
However, “weak wage growth figures for February due for release next Friday could easily derail the March rate hike plans”, says James Hughes, Chief Market Analyst at GKFX.
“Trump isn't being Trump... is a relief for the markets”, Hughes adds.
Other key topics discussed in this segment are - Record rally in the US stocks, sideways/choppy action in the USD index.
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