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Week Ahead – Dollar declines after massive payrolls miss; Focus shifts to inflation May 7, 2021SharePrint Wall Street went on a wild ride after a huge nonfarm payroll report miss reaffirms the Fed’s stance to do nothing.  A massive slowdown in hiring was not expected and the knee-jerk reaction across the bond market might have paved the way for further dollar weakness.  The US economic recovery will likely take a lot longer than many have initially expected as concerns grow that the issue with the labor market is more of a supply problem. The aftermath of the massive payroll’s downside surprise will have many investors shift the focus to pricing pressures.  Everything is starting to cost more, and employers may need to be prepared to increase wages.  The big economic release of the week will be the US April inflation report, which will see the “base-effects” in annual inflation due to the shock that hit the US economy last year.  Investors will also pay close attent

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