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That puts the stock market in a precarious position. Expectations regarding rate cuts could change based on an important economic data point that will be published on Wednesday, Nov. 27.
The jobs report is a snapshot of the U.S. labor market for the prior month and shows the number of jobs the U.S. economy added, the unemployment rate, and other important metrics like monthly wage ...
Here's why tomorrow could be a big day for the stock market. Important economic data At 8:30 a.m. tomorrow, the U.S. Bureau of Labor Statistics will release its monthly nonfarm payrolls report for ...
The 10-year U.S. Treasury note has gained nearly a full percentage point since mid-September, when the central bank delivered its first rate cut in four years. Bonds lose their value, making ...
The Super Bowl Indicator is a spurious correlation that says that the stock market's performance in a given year can be predicted based on the outcome of the Super Bowl of that year. It was "discovered" by Leonard Koppett in 1978 [ 1 ] when he realized that it had never been wrong, until that point.
Stocks pulled back Friday morning as bond yields reached higher. Mixed initial jobless claims data sent the 10-year Treasury yield to a seven-month high on Thursday.
In the bond market, Treasury yields edged lower following a mixed set of reports on the U.S. economy. One report said a measure of inflation that the Federal Reserve likes to use slowed to 2.1% in ...
The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%.