United States after the release of non-farm payrolls report, Citi Bank 1xbet analysts said the “market this summer’s apathy and general high depression and low returns, extreme pessimism and surrounding Central Bank intervention related to the deaths of price discovery. “
“The credibility of the Federal Reserve is close to zero, so the strong employment data is not important. The Federal Reserve will not raise interest rates in September, because this distance United States November presidential election only two months, and a lot of people think the election Republican candidate Trump unfit to lead United States. Therefore, non-agricultural employment is not so important. “
Brent Donnelly says, “drop the Fed’s credibility has already been confirmed in price changes. You may have noticed, the market no longer comments on the Federal Reserve reacts, like Atlanta Fed President Dennis Lockhart and Chicago Fed President Charles Evans recently made a statement. And by 2016 the market volatility to the Fed speech in sharp contrast. “
1xbet of Bank of Tokyo-Mitsubishi Economist Chris Rupkey said, “Although the July jobs data release probability of the Fed raising interest rates rose sharply, almost certainly, the Fed can’t raise interest rates in September, because in the United States presidential election the most sensitive time, higher interest rates could trigger market volatility. “