President Donald Trump welcomes German Chancellor Angela Merkel on Friday for a White House meeting that could help determine the future of the transatlantic alliance and shape the working relationship between two of the world's most powerful leaders.
U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve's 2.0 % goal, and the world economy including the once-sick Eurozone has skirted the risk of a deep new downturn.
The market expectations of a probable U.S. interest rate increase in March were fully cemented by February’s solid NFP headline figure of 235k which illustrated steady growth in the U.S. labor markets.
The run of gains on the financial market turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washington.
The dollar hit a three-week high against the yen on Thursday, on course for a fourth straight day of gains after a strong ADP job number in the previous session broke 10-year U.S. government bond yields out of a long-held range.
Early last week, financial markets saw just a 30 % chance of the Federal Reserve raising interest rates in March; but by Friday after a striking series of comments from Fed officials, including Chair Janet Yellen, traders saw an 80 % chance.