Relevant:
- Market Little Changed Despite Strong Economic Data (OIL+RATE HIKE FEARS)
- Dollar Falls on August Jobs Report; Fed September Rate Rise Probability Crashes By Half
- Dollar Extends Drop as Faltering Economy Pares Rate-Boost Wagers (FED CRED = DEAD)
- U.S. Stocks Slip as Investors Ramp Bets for Rate Hike This Year
- Fed leaves key interest rate unchanged amid lackluster economic growth
2016-05-16 — wsj.com
...
Strong U.S. retail sales and employment reports lifted the dollar in recent weeks. But the data has done little to change investors' pessimistic outlook on the prospect for interest-rate increases.
Federal-funds futures, used by investors and traders to place bets on central-bank policy, show that the odds for a rate increase at the Fed's June meeting are only 4%, while the chances of a rate increase at the December meeting are 59%, according to CME Group.
...
"Investors would be more confident of the durability of the dollar's recovery if it were supported by changing expectations for higher U.S. interest rates," analysts at Brown Brothers Harriman wrote in a research note. "Stronger economic data alone seems insufficient. "
Also, the "strong economic data" is a fraud, and everyone knows it (even if only subconsciously)....
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