NEW YORK - The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead.near record highs following an over 25% year-to-date gain. Part of that performance has been fueled by expectations that the Federal Reserve will continue cutting interest rates into next year, after reducing borrowing costs by 75 basis points in 2024.
The jobs data"is going to provide a more clear picture of the underlying trend, which is important as there's a lot of debate and uncertainty around the path for interest rates by the Fed,” said Angelo Kourkafas, senior investment strategist at Edward Jones. The Fed is"starting to question out loud how much more easing the economy, especially the labor market, really needs," said Sameer Samana, senior global market strategist at
"There might be a little bit of a sell off here if you see the jobs report come in stronger than expected," he said.
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