More earnings, April's big jobs report and inflation worries could swing markets in the week ahead

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

April's jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May.

Fed speakers will also be important after Fed Chairman Jerome Powell said in the past week that the Fed is still looking for "substantial further progress" in its goals for the economy.

"Next week is all about the jobs number, because as part of the Fed's path to 'substantial progress' on their two roles, we'll see how much further along that path they are next Friday" said Peter Boockvar, chief investment officer at Bleakley Advisory Group. The Fed's mandate is to pursue full employment and a steady pace of Inflation, which it has targeted at 2%.

on paring back bond purchases because imbalances in financial markets and the economy is improving faster than expected. "If this jobs number comes in super hot, it's going to make people up their estimate on when the Fed might taper," said Michael Schumacher, director rates at Wells Fargo.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The benchmark indexes are already down today!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines