Does the market want a strong or weak jobs report Friday? Traders aren’t sure

When it comes to the jobs report Friday, investors can't seem to make up their mind what they want. The November nonfarm payrolls report is one of the last major economic data points before the Federal Reserve holds its Dec. 17-18 meeting, at which the central bank is widely expected to squeeze in one more rate cut before the end of the year.

To be sure, Goldman Sachs' official forecast shows a 235,000 job increase in nonfarm payrolls, a figure that could mean stocks fall Friday, Flood wrote. On the other hand, JPMorgan traders expect that a strong jobs report will be just the fuel to keep the market going higher, and officially forecasts the U.S. to have added 275,000 jobs last month. The bank expects a number that lands somewhere between 230,000 and 300,000, with unemployment ticking higher, will correlate with a 0.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Shopping local on Black Friday: St. Phillip's Plaza Black Friday Market runs through SundayMadison Thomas joined KGUN 9 in July of 2023 as a multimedia journalist. She graduated from Arizona State University in May of 2023 with a degree in journalism and mass communication, a minor in political science and certificate in cross-sector leadership.
출처: kgun9 - 🏆 584. / 51 더 많은 것을 읽으십시오 »

Analysis-Traders chase post-election stock gains in US options marketAnalysis-Traders chase post-election stock gains in US options market
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

USD/CAD strengthens above 1.4050 as traders await US labour market dataThe USD/CAD pair edges higher to near 1.4075 during the early Asian session on Thursday.
출처: FXStreetNews - 🏆 14. / 72 더 많은 것을 읽으십시오 »