We’ve seen a number of false dawns with anticipating rate hikes in recent years, but is the jig finally up this time? Friday’s surprisingly strong jobs report for May has reignited expectations that the Federal Reserve will soon start raising interest rates for the first time in nearly a decade. The day before the Labor Department released the bullish data the IMF asked the central bank to hold off on monetary tightening until next year. But the trends in key interest rates through last week’s close suggest that sooner rather than later is the new new mantra, again, when it comes to estimating the timing for a US rate hike.
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● US Employers Add 280K Jobs In May, Yet Jobless Rate Rises To 5.5% | ActionForex
● US Consumer Debt Grows in April as Credit-Card Use Surges | WSJ
● Eurozone Investor Confidence Falls To 4-Month Low | RTT
● Germany’s industrial output in April beats forecasts | MarketWatch
● Japan GDP unexpectedly accelerates in Q1 as firms boost investment | Reuters
● China’s economic weakness continues as both imports and exports fall | Guardian