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Rate rise rollercoaster loops the loop

by Wealth Know How in Commentary & Opinion

Two weeks ago the market was awash with talk of a June interest rate rise in the United States. But poor data has sent the rate rollercoaster around the tracks again with expectations of a rise pushed out to later in the year.
 
The main driver was a poor US employment report, which was then reinforced by an unexpected dip in US service sector activity.  The market is concentrating on the most recent data and discounting the better than expected US data out during last week.
 
Non-farm payrolls rose by a much smaller than expected 38,000 last month. The jobless rate, however dropped to 4.7% driven by a big fall in the labour force.

Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

Published on 07 Jun 16

  • Two weeks ago the market was awash with talk of a June interest rate rise in the United States. But poor data has sent the rate rollercoaster around the tracks again with expectations of a rise pushed out to later in the year.
     
    The main driver was a poor US employment report, which was then reinforced by an unexpected dip in US service sector activity.  The market is concentrating on the most recent data and discounting the better than expected US data out during last week.
     
    Non-farm payrolls rose by a much smaller than expected 38,000 last month. The jobless rate, however dropped to 4.7% driven by a big fall in the labour force.

    Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

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