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Risk Aversion Seen Ahead of Key Jobs Report
Risk aversion is the order of the day in the financial markets as investors eye the US jobs report as a big risk event given what the outcome could mean for interest rate expectations this month. The topic of interest rates is likely to be hotly debated when the Federal Reserve meets in a little under two weeks and the decision currently appears to be on a knife edge. Stanley Fischer, vice Chair of the Fed, admitted last week that the data between now and the meeting may sway the decision one way or another. Of course, that doesn’t mean that today’s data alone will make the difference but it is one of the more ... (full story)