September 30, 2024
A stock-market rally faces crucial question: Will jobs data back case for big Fed rate cuts according to MarketWatch, with many awaiting to see if the data will support the chances of big Fed rate cuts. The stock market stands at record highs, and investors are eagerly waiting to see what the coming weeks hold. Yahoo Finance mentions a critical labor report that is due this week which will give a clearer insight into the direction of the market.
This week has been labeled as one of the most critical for the stock market, according to TheStreet. Multiple factors including jobs data and comments from Fed officials could move the market either way, and many investors are anxiously holding on to their stocks, waiting to see which direction the market will sway.
One major focus is the U.S. jobs data. According to The Wall Street Journal, upcoming jobs data and eurozone inflation will be major focus points for investors this week, especially when making decisions on FX and bonds. It remains to be seen whether the jobs data will back the case for big Fed rate cuts and boost the stock-market rally further.
Market analysts have weighed in on the subject, sharing their thoughts on what to expect in the coming week. Investopedia, for example, mentions that this week will see one of the most crucial labor reports come out. Many believe the jobs data will give investors a clear indication of the direction the Fed is likely to take on interest rates.
Whatever the outcome, one thing remains clear - this week is likely to be one of the most watched periods for the stock market. Market strategists will be keeping a close eye on the labor report to determine whether it will support the ongoing stock-market rally and confirm the likelihood of interest rate cuts.
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