US Economy's Soft Landing Under Threat. Forecast as of 04.09.2024

The US Federal Reserve will take all necessary steps to support the labor market. Therefore, an aggressive reduction in the federal funds rate is still possible. The outcome will be largely determined by US employment data for August. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points The S&P 500 index's collapse dragged the EURUSD to a 2-week low. The Fed's outlook has changed dramatically in 2.5 months. The Fed should try hard to achieve a soft l