Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website joins us to recap the recent US economic data that has temporarily surprised to the upside. It started with the jobs data from last Friday, followed this week by inflation data and import/export prices that came in lower than expected. This is just one round of data, with another to come before the next Fed meeting, but it is all tying back into Fed rate hiking expectations.
We also look at the recent moves in US markets, gold, 10 year yield and the USD. Some of which doesn’t line up with the recent data.