We've seen some selling earlier this week, but a good number will show the general strength of the U.S. economy and help the dollar. Payrolls will be the key indicator as far as the Fed is concerned.
We'd like to see it at the next meeting on Nov. 30. Underlying inflation is moving higher and Europe's economy is still strong. We will have to see what happens in the next two weeks ? it may be the next rate hike is pushed into next year.
This talk of tax reform will come and go. But we need the economy looking brighter, otherwise putting action plans together is just fighting a losing battle.
Do we think it's going to happened? Not in the U.S., so then not in Europe, ... But then there's no evidence that the economy is going to show strong recovery either.
The ECB needs to raise interest rates to stop a big slide in the euro, ... We doubt the German economy will slow down as is predicted.
The ECB needs to raise interest rates to stop a big slide in the euro. We doubt the German economy will slow down as is predicted.