061 – Jobs data shows sign of moderating, but FOMC minutes were hawkish

<p>This is our first podcast in 2023. FXCM senior market specialists Russ and Nik discuss:</p> <ul> <li>Friday’s NFP.</li> <li>Job data shows deceleration in job growth, moderation in wages, participation rate ticked up.</li> <li>Services PMI.</li> <li>PMI shows contraction. US is a service-based economy. First time since June 2020 it contracted.</li> <li>Factory Orders biggest decline since June 2020.</li> <li>FOMC minutes were hawkish, no member sees rate cut this year.</li> <li>December CPI is released on Thursday. Most likely moderated, but all eyes are on the release.</li> <li>Q4 earning season kicks off on Friday with the Banks and Delta.</li> <li>China has opened its borders–oil has reacted and the general mood has improved because of the opening.</li> </ul>