COVID-19

Key events:       UK – Manufacturing PMI (Dec)   Rising inflation and higher interest rates couldn't help but affect the housing sector - and perhaps it's the labor market's turn. On the other hand, the Non-Farm Payrolls (NFP) reading has beaten economists' estimates for the past eight months, which means another positive surprise is not out of the question.

The Fed funds rate is one of the most important benchmarks for investors and traders all over the world. Its adjustment significantly affects exchange rates and the economic situation of countries. Let's take a closer look at how all this can affect the stock and forex markets in the U.S. and around the world. It will help us understand why investors and traders pay so much attention to this indicator.