If unemployment dips any lower, that may indicate some wage inflation and the Fed will likely continue to raise rates.
More Quotes from Michael Woolfolk:
The people who believe that the inversion of the yield curve is a signal of recession have it wrong this time.Michael Woolfolk
Interest rate differentials are supporting the U.S. dollar for the time being. Until the Fed pauses, it looks that's going to provide a support for dollar bulls.
Michael Woolfolk
There was yen strength on the anticipation the Bank of Japan could be changing its monetary policy. Those expectations have been curbed.
Michael Woolfolk
The hike in March is fully priced in. The hike in May is over 80 priced in. There is already talk of continued hikes after that. Interest rate differentials globally are increasingly favoring the U.S. and it's positive for the dollar.
Michael Woolfolk
While the US trade deficit showed an unexpected improvement in February, any lasting market enthusiasm was firmly misplaced. Energy prices continue to rise while China remains resistant to further currency flexibility.
Michael Woolfolk
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