Aug 8, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: Solid US labor market keeps Fed on course to tighten interest rates
In the US, the employment trend remained surprisingly robust in the summer and gives the Federal Reserve every reason to continue to put the brakes on monetary policy. On Wall Street, the strong job market report, and the associated prospect of further rising interest rates caused initial losses. Meanwhile, geopolitical tensions between the US and China continued to heat up after Beijing imposed sanctions on Pelosi, the Speaker of the US House of Representatives, and halted dialogue on climate change, military issues, and other cooperation.