Marc Chandler – Key Takeaways From Friday’s Jobs Report, Coming Fed Rate Cut Expectations, And The Steepening Yield Curve
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of The Marc To Market website, joins us to unpack the nuances in Friday’s jobs report miss and more downward revisions to the prior 2 months, market expectations around the series of coming Fed rate cuts, and the potential signal of the yield curve moving from inverted to steepening and normalizing. We discuss how all these macroeconomic data points foreshadow a potential slowdown in the US economy and how the markets may respond. We look ahead to the coming inflation data, and more refined GDP forecasts out of the Atlanta Fed. Additionally, we consider currency impacts from other central banks monetary policies, and in particular the expected rate cuts out of the ECB.
