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News in English (USA) / 29.09.2024 / 21:00

Upcoming Week in Focus: Jobs Data and Fed Rate Cuts

As Wall Street reaches record highs, investors are preparing for a critical jobs report that could influence expectations about Federal Reserve rate cuts. The upcoming week will see key data including US initial jobless claims, durable goods orders, and GDP growth metrics, all positioned to test the market's soft-landing hopes. Fed Chair Jerome Powell's speech will also be pivotal, promising insights that could sway rate cut speculations. Market analysts are expecting the jobs data to either validate or challenge the optimistic outlook for rate reductions. As trade participants brace for potential volatility, they will be closely monitoring how these economic indicators shape the mood across equity, bond, and currency markets.
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