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LGT Navigator: US labor market report in focus

May 3, 2019

While investors are eagerly awaiting the US labor market report, investors were cautious in the aftermath of the Fed's decision. Analysts expect continued solid job growth in the US economy.

The minutes of the US Federal Reserve's last monetary policy decision on March 20 confirmed the Fed's wait-and-see attitude. There are still "significant uncertainties" in the economic outlook, and latest US inflation data will probably not put pressure on the Fed to raise key interest rates again in the near future. ECB President Mario Draghi continues to see growth risks for the euro zone and recent economic data have confirmed that the pace of growth in the euro area is slowing. Nevertheless, the likelihood of a recession remains low.

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