Wall Street Debates "Overheating" vs. "Cooling Off"; Probability of Federal Reserve. Holding Rates Steady in January Soars
Svmuu News: U.S. labor market data has provided Wall Street with ample ammunition to support the argument that the economy is overheating, as well as to argue that it is cooling dangerously. Job growth in December fell short of expectations, and previous historical data was also revised downward. However, the unemployment rate fell more than expected, and wage growth showed signs of picking up.According to CME Group’s FedWatch tool, these figures have prompted investors to increase their bets that the Federal Reserve will keep interest rates unchanged, with the probability rising from 88% to 95%. (Jin Shi)
Source:Odaily · Source Link
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