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Stocks higher as rising unemployment and trade wars are ignored

EURUSD News by Newsroom on 19:24 July 05, 2018 EST

U.S. stocks finished the day higher even though the ADP payrolls miss expectations and the FED warned on the risk of a trade war.

At the June Federal Open Market Committee (FOMC) meeting, "Most participants noted that uncertainty and risks associated with trade policy had intensified and were concerned that such uncertainty and risks eventually could have negative effects on business sentiment and investment spending."

The committee members continue to focus primarily on inflation and the labor market.

"Members agreed that the timing and size of future adjustments to the target range for the federal funds rate would depend upon their assessment of realized and expected economic conditions relative to the committee’s maximum employment objective and symmetric 2% inflation objective," the minutes said.