Key data points ahead: ISM services, Fed minutes, Canadian jobs
A lighter data week features U.S. ISM services, Fed minutes, ECB accounts and Canadian employment, offering traders fresh policy and growth cues.
A lighter data week features U.S. ISM services, Fed minutes, ECB accounts and Canadian employment, offering traders fresh policy and growth cues.
Goolsbee described the labor market as steady, stressed that inflation is the main focus, and left the door open for a rate hike or pause.
Bitcoin surged above $87,000 after US jobs data showed unemployment ticking higher, fueling expectations of looser Fed policy.
NEC Director Kevin Hassett said the jobs report points to a strong consumer and expects a robust holiday season.
US jobs added just 29,000 in September, sending yields lower, dollar down, and stock futures higher.
Solana rose after Fed's Williams and Jefferson lowered October rate hike probability from 70% to 25%.
The dollar is mixed as traders await the September US jobs report. Oil falls and stock futures point higher.
Silver prices stabilize near recent lows after dovish Federal Reserve comments lessen the likelihood of an October rate increase.
September US nonfarm payrolls expected at 90K, with unemployment steady at 4.1%. Release could impact Fed rate hike odds and dollar.
Bitcoin broke out of its range after dovish Fed comments lowered October rate hike probabilities to 25%.
Dovish Fed remarks support gold above 4,140; all eyes on US NFP data.
European equities opened higher as Treasury yields eased from highs, with markets awaiting the US non-farm payrolls report.
A breakdown of how CPI, PCE and PPI inflation reports each influence markets and the Fed's policy outlook.
Jim Cramer expressed concern that the Federal Reserve's recent rate hike could pressure stocks further.
Citi Research questions if the Fed needs the aggressive rate hikes markets are pricing in, despite forecasting 3.5% inflation.