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Week Ahead - ECB to set up a July hike and US inflation nears peak

A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon. The May employment report was impressive, but it will likely be the last strong one we will see in a while.

03-06-2022 14:11 GMT by Edward Moya

Gloominess persists after Robust Jobs report and Musk’s Super Bad Feeling, Oil's strong week , Gold eases, Bitcoin below $30,000

Robust hiring in May pretty much guarantees the Fed will move forward with a couple half-point rate hikes at the next two meetings. US stocks edged lower as the latest employment report showed slower job growth and potentially softening inflation, but still keeps the door open for the Fed to continue with its rate hiking campaign well beyond the summer.

03-06-2022 11:20 GMT by Edward Moya