BNN Bloomberg's Jon Erlichman looks at how North American markets are shaping up for the trading day.
Given the recent worries over the labour market, the jobless claims data was another positive, he noted. After a weak payrolls report, there were worries that the Fed waited too long to cut rates. While it would still be appropriate to lower rates next month, the data should buy officials some time until the September meeting, Kenwell concluded.
To David Russell at TradeStation, investors fearing a potential recession or sharper slowdown have less to worry about. If the economy continues to be resilient – especially in conjunction with slowing inflation – then the Fed can begin a rate cutting cycle without the economy entering recession and history shows this is an extremely positive environment for the stock market, he concluded.
The jobs market — and what it means for consumer spending, the biggest driver of U.S. economic activity — is a key factor in why the Fed is expected to start cutting interest rates next month. Measures of consumer sentiment have been subdued as the labor market cools and the presidential election nears, overshadowing progress in taming inflation.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »