Wall St Week Ahead Jobs data set to pave way for rates path, stocks

NEW YORK, Nov 29 - 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.

While investors have largely welcomed evidence of economic strength, another round of strong jobs data on Dec. 6 could further erode expectations for Fed cuts and fuel wariness over inflation, investors said. Fed Chair Jerome Powell said earlier this month that the central bank does not need to rush to lower rates, citing a solid job market and inflation that remains above its 2% target.

Economists polled by Reuters expect payrolls to have climbed by 183,000 jobs in November, and a report that far exceeds those forecasts could shake confidence in a December move and bruise stocks, said Anthony Saglimbene, chief market strategist at Ameriprise Financial.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Wall St Week Ahead Inflation data poses test for stocks rally after Trump winThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »

Wall Street week ahead: U.S. inflation data pose test for stocks rally after Trump winMore robust inflation could further alter projections for the Fed’s rate-cutting path, after expectations changed with Trump’s election victory
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »

Stock market today: Wall Street drifts ahead of Election Day, while oil rises and yields sinkNEW YORK (AP) — U.S. stocks drifted ahead of a momentous week full of potential flashpoints, while oil prices climbed and Treasury yields dropped. The S&P 500 slipped 0.3% Monday, even though the majority of stocks within the index rose.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »