I doubt this will impact the Federal Open Market Committee (FOMC) September decision, due on the 20th, but it all goes into the mix.
Added - this news is triggering a wee bout of USD strength in Asia trade, USD/JPY up 15 or so points since:
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US wage rises continue - California fast food workers to get a $20 minimum wage
US wage rises continue - California fast food workers to get a $20 minimum wage
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- The USDJPY is testing the high from last week
- Atlanta Fed GDPNow Q4 growth estimate remains at 3.1%
- Shameless plug. Attacking Currency Trends by Greg Michalowski. A bargain on Amazon
- HSBC still sees Fed rate cuts ahead, another 75bp next year. Higher stocks & USD also.
- Bitcoin price prediction - to cross up $100k
- Santa Claus stuffs stock market portfolios in a holiday-shortened session
- UBS says the USD value is 'stretched', sell further strength and get into GBP and AUD
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