USD cheapens as soft data fuels dovish Fed bets [Video]
|The US Dollar slid further as December retail sales showed no growth, raising fresh concerns about the strength of American consumers.
Markets are now pricing in earlier Fed easing, with US 2-year yields falling to multi-year lows and the dollar weakening. This shift fuels a rotation from Big Tech to smaller, more domestic-focused stocks. While AI investments remain a major growth driver, rising debt and valuation questions are emerging for the tech giants.
All eyes are on today’s US jobs report. Softer-than-expected numbers could reinforce dovish Fed bets, further supporting equities rotation, while stronger data may delay easing but won’t erase underlying weakness in Main Street.
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