U.S. jobs data is cited as justification for a potential FED rate hike, alongside discussions of currency intervention.
1 report, 1 independent
Updated Jul 2
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What happened
U.S. jobs data is cited as justification for a potential FED rate hike, alongside discussions of currency intervention.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Ministry of Finance directed central bank currency intervention, influenced by weak US jobs data and ongoing inflation fears.Sub-event
FED uses jobs data to justify rate hike; strategist comments on currency intervention effectiveness.1 source
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The entities involved
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FED
business
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Kansai Mirai Bank
bank in Japan
Nothing else this week.
Related events
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- Stronger US labor data is pressuring the peso as the FED weighs its interest rate decisions against global market volatility and Middle East tensions.
- Potential rate hikes are highly likely, impacting the mortgage market.