The limited reaction in commodity markets to the stronger-than-expected US employment report supports our view that Fed tapering may not be the watershed that many still expect. In particular, the resilience of gold (today at least) suggests that a reduction in asset purchases by the US central bank is now essentially priced in.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services