October’s stronger-than-expected job growth and decline in unemployment indicate continued labour-market resilience, pot…
October’s stronger-than-expected job growth and decline in unemployment indicate continued labour-market resilience, potentially reinforcing inflationary pressures. The sharp increase in December rate-hike expectations suggests markets are reassessing the Fed’s policy outlook, putting upward pressure on Treasury yields and potentially weighing on equities, particularly rate-sensitive and high-valuation stocks. However, Tuesday’s CPI release remains critical: persistent inflation could strengthen the case for tighter policy, while softer inflation may challenge current market expectations.
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