VGSH - A Cooler U.S. Jobs Report Gives Hope For A Fed Rate Cut
2024-05-08 12:30:00 ET
Summary
- Dovish remarks from the Federal Reserve and a cooler-than-expected US jobs report strengthened the case for a coming interest rate cut.
- Are we seeing the “economic softening” needed to get inflation completely under control, or are we seeing the start of a far more substantial slowdown?
- It’s important to note that copper prices have been on an upward climb since mid-February, despite a brief drop early last week, suggesting that the global economy is improving.
Last week marked a significant pivot for US market watchers. A higher-than-expected US Employment Cost Index increased the trepidation about the Federal Reserve (Fed) meeting, with fears growing that the Fed’s next move would be a rate hike in order to combat stubborn inflation....
A Cooler U.S. Jobs Report Gives Hope For A Fed Rate Cut