Economic Updates: Jobs & Inflation Impact on Stock Market

Financial markets eagerly await key economic updates, focusing on November jobs and inflation data, to gauge the Federal Reserves interest rate decisions. Early stock movements reflect market sensitivity to these reports. Despite a government shutdown delay, the November jobs report remains crucial. Investors anticipate an interest rate cut in January, with some predicting a larger fifty basis-point cut. However, the tech sector faces pressure as investors reassess high valuations and consider a shift towards value-oriented stocks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.