Today’s jobs report outlook
1- Thousands protest in Italy, the Netherlands and Poland due to soaring prices.
2- The Euro almost equaled a dollar in light of the political crises which upset the European Union amid fears of deflation.
3- Financial markets will be highly volatile as they are waiting for unemployment and jobs data from the USA.
Why is today’s data important? Because it will determine the path of the US dollar during the next stage.
According to the Fed, the interest rate hike will be based on today’s data.
If the data showed more than 300,000 jobs, this means that the US Federal Reserve will raise interest rates in its next meeting by 0.75%, and this will be in light of a strong labor market away from the risks of recession. But if the data showed that there are less than 300,000 jobs, this means that the US Federal Reserve will raise interest rates in light of a weak labor market, and in light of the fear of an economic recession.