-- Stocks in Asia are set to advance as traders weighed prospects for Federal Reserve rate cuts after Jerome Powell cited signals the US is back on a disinflationary path.Trump Immunity Ruling Means Any Trial Before Election Unlikely
“Our suspicion is that 2024’s economy will end up being strong enough to justify a strong move in the S&P 500 for the year as a whole,” Calvasina said. On the economic front, data Tuesday showed job openings unexpectedly rose, interrupting a trend that underscored a slowdown in labor seen as key for Fed easing.
And that’s all ahead of the all-important US payrolls reading due Friday. Economists expect the report to show employers added about 190,000 payrolls in June and the unemployment rate held at 4%.
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