Wages not winning, tax cuts to cut it? – MM #169


It’s 2018 and we are back to business. We begin with digesting the fresh jobs report and move to the implications of the massive US tax cuts on the economy and markets. 

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  1. Non-Farm Payrolls: Once again, wages are not going anywhere, and we had a slight disappointment in the headline. What does it mean for the Fed? They could look at it in both directions and the dollar also didn’t react in an extreme manner.
  2. Cut, cut cut: The Trump administration got the tax bill fully approved. What does it mean for the US economy? Will bond yields shoot higher? How will the Fed react? Does this imply further fiscal changes? We discuss all the options and the implications.
  3. Preview:  The US inflation and retail sales reports on Friday dominate the scene, but also watch out for Fed speakers, PPI, and other events.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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