{"id":42753,"date":"2023-03-02T16:37:00","date_gmt":"2023-03-02T16:37:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=42753"},"modified":"2023-03-03T11:39:39","modified_gmt":"2023-03-03T11:39:39","slug":"market-wrap-fed-speak-and-jobs","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-fed-speak-and-jobs\/","title":{"rendered":"Market Wrap &#8211; Fed Speak and jobs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"42753\" class=\"elementor elementor-42753\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-26b3fa7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"26b3fa7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fddd9d6\" data-id=\"fddd9d6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-69537d6 elementor-widget elementor-widget-text-editor\" data-id=\"69537d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The main mover during the US session so far has been the <a href=\"https:\/\/bit.ly\/3hwxqIo\" target=\"_blank\" rel=\"noopener\">US dollar<\/a> currency as it react to Fed speaker Collins, weekly jobs data, and a negative tone in the market due to falling stocks.<\/p><p>Earlier today Fed member Collins said that any upcoming rate hikes from the US central bank will be determined by the incoming data, which is pretty much as tight lipped as you can get.<\/p><p>Later this market looks to comments from Fed member Waller who is a member of the Board of Governors at the Fed. Dr Waller had served as executive vice president and director of research at the Federal Reserve Bank of St. Louis prior to his Fed board appointment, and who is a known rate hawk.<\/p><p>The number of Americans filing for unemployment benefits fell by 2,000 from the previous week to 190,000 on the week ending February 25th, below market expectations of 195,000.<\/p><p>The latest value remained close to the nine-month low of 183,000 hits at the end of January, giving further evidence that the US labour market remains tight in part to reduced labour force participation.<\/p><p>This could force employers to raise wages to attract and keep staff, adding to further inflationary pressure in the world&#8217;s largest economy. The four-week moving average, which removes week-to-week volatility, rose by 1,750 to 193,000.<\/p><p>During the US session the Bank of England\u2019s Chief economist spoke and his comments added to pressure to the pound as he said \u201c<em>GDP is projected to fall slightly over the coming quarters.<\/em>\u201d<\/p><p>He added that \u201c<em>Survey indicators that have become available since the publication of the forecast have surprised to the upside, suggesting that the current momentum in economic activity may be slightly stronger than anticipated.<\/em>\u201d<\/p><p>On inflation he said \u201c<em>CPI inflation is projected to fall to below the 2% target by the end of the forecast horizon<\/em>\u201d and he noted that \u201c<em>The labour market is tighter than unemployment rate would suggest.<\/em>\u201d<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The main mover during the US session so far has been the US dollar currency as it react to Fed speaker Collins, weekly jobs data, and a negative tone in the market due to falling stocks. Earlier today Fed member Collins said that any upcoming rate hikes from the US central bank will be determined [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":35251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[42,67,707],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Fed Speak and jobs - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-fed-speak-and-jobs\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Fed Speak and jobs Market Wrap - Fed Speak and jobs\" \/>\n<meta property=\"og:description\" content=\"The main mover during the US session so far has been the US dollar currency as it react to Fed speaker Collins, weekly jobs data, and a negative tone in the market due to falling stocks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-fed-speak-and-jobs\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T16:37:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-03T11:39:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/09\/GettyImages-520138826.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"724\" \/>\n\t<meta property=\"og:image:height\" content=\"457\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Fed Speak and jobs Market Wrap - Fed Speak and jobs\" \/>\n<meta name=\"twitter:description\" content=\"The main mover during the US session so far has been the US dollar currency as it react to Fed speaker Collins, weekly jobs data, and a negative tone in the market due to falling stocks.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-fed-speak-and-jobs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-fed-speak-and-jobs\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; 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