Daily Alert – Tuesday 7th February 2023: NFP fallout continues…

Mark NugentDaily Alert, Feb 2023

Daily Alert – Tuesday 7th February 2023: NFP fallout continues…

Good morning.

The fallout from last Friday’s NFP continues. Atlanta Fed President Bostik raised the possibility that the Fed will need to increase rates to a higher peak than policymakers had previously expected. Fed Chair Powell is speaking this afternoon. He will be asked about this. Watch this space.

Elsewhere, we had a hawkish Reserve Bank of Australia raising rates by 25 basis-points as expected and talking hawkishly about further increases.

I placed no trades last night.

So, it’s all eyes on Powell at 5pm UK-time…

I’ll be back tomorrow.

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