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Possible Fed cuts may change depending on the job market.

Written by Paulo S. Nogueira
Published 05/12/2023 às 07:34
investors, data, work, United States, GDP, market, report, Federal Reserve, interest rate, resilience, inflation, bets, economists, Gross Domestic Product, stock exchanges, shares, performance, exchanges, indices, markets, commodities.
This Tuesday (5), the battery of labor market data in the United States begins. The first to be released is Job Openings and Labor
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Following the schedule, starting tomorrow (5), the collection of information about the job market in the United States will begin. The first dataset to be made available will be Job Openings and Labor. Get ready for in-depth updates and in-depth analysis.

This Tuesday (5), data from the market de work in the United States, with emphasis on the report JOLTS, ADP e payroll. Investors are paying attention to these indicators, as any sign of strength in the job market can influence business decisions. Federal Reserve in relation to the interest rate.

A heated job market can result in wage pressure and increased consumption, which in turn can impact inflation. This would take the Federal Reserve to review the possibility of interest rate cuts. According to the tool CME FedWatch Tool, more than half of economists are betting on a downward adjustment of 0,25 percentage points from March next year.

In Brazil, attention is focused on publicizing the Gross Domestic Product (GDP) of the third quarter. The expectation is for a monthly drop, but a growth of 1,9% in the annual comparison. Meanwhile, the scholarships international markets present mixed directions, with a negative emphasis on the Asian market, where the index CSI300 reached a four-year low.

Source: moneytimes

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Paulo S. Nogueira

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