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U.S. Economy Turning?: Outlook- July 6, 2014

U.S. Economy Turning?: Outlook- July 6, 2014

6 Years ago | July 06, 2014 00:00:00

 

Non-Farm Payrolls Beat
on Thursday The U.S. FINALLY saw a much stronger than forecast increase in non-farm payrolls. Employment jumped by 288K in the month, as foreshadowed by the ADP Private Jobs data on Wednesday. While this was positive news for the Fed, there is no way the central bank would even CONSIDER altering its policy course based on one single data point. On the other hand, it is the role of markets to anticipate future policy moves. Traders have a tendency to shoot first and ask questions later. U.S. bond yields were up on the news an equities rallied.

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