USD: Scope for another 1.3% QoQ Employment Cost Index? The dollar broke to a new cyclical high yesterday. Dollar strength is clearly being driven by a hawkish Fed and the dramatic bearish flattening in the US yield curve – a classic mid-cycle sign of the Fed preparing to apply the brakes in a period of .
USD: US jobs data keeps hawkish Fed bets alive Friday’s November US jobs report has kept the narrative alive of the Fed wanting to push ahead with quicker tapering and early tightening even as the full effects of the Omicron variant are unknown. As we were noting last week, the dramatic flattening of the US .