MARKET DAILY

Market 12/08: Labor report increases concerns about the timing of Fed rate cuts

Unlike the market's negative view of the labor report, consumer confidence improved significantly with less concern about inflation. Consumption continues to decline.

Dan Khuong Linh

Published on December 8, 2023

Previously, job growth was expected to cool in 2024: read more here.

However, the November nonfarm payrolls (just released) increased +199,000 in November (higher than forecast +183,000)…

…and the unemployment rate accordingly fell from 3.9% to 3.7%.

Nội dung độc quyền

Login to read the full article

Create an account to access premium content.

Market 12/08: Labor report increases concerns about the timing of Fed rate cuts

Login to read the full article

Similar Posts

Market 02/27: Fear of War and Debt Defaults

Market 02/26: US-Iran Talks Show No Progress

Market 02/25: Funds Flow Into Tech Ahead of NVDA Earnings

Market 02/24: AI Fears Pause for One Day

Market 02/23: Tech Drags Down the Market

Market 02/20: Supreme Court Rejects Tariffs

Market 02/19: Blue Owl Freezes Fund, Halts Withdrawals

Market 02/18: FED Flags AI Financial Risks