No Data
No Data
Is the US labor market showing signs of losing momentum? Investors are closely watching two key reports this week.
The hot labor market has always been a key obstacle preventing the Fed from cutting interest rates.
Express News | Powell said that inflation is returning to a downward trajectory, but more data still needs to be observed.
Express News | Market analysis: Powell remains dovish as always.
Express News | Federal Reserve Chairman Powell: Inflation may return to 2% by the end of next year or the year after.
US stocks in early trading | The three major indexes fluctuated slightly, with the Nasdaq slightly up; large technology stocks rose and fell, with Tesla up more than 7% and Nvidia down more than 1%.
The U.S. stock market opened lower on Tuesday, with major indices partially giving back the gains from the previous trading day. Investors are watching labor market data and a speech from Federal Reserve Chairman Powell.
Express News | Federal Reserve Chairman Powell: The service industry is usually more difficult to lower inflation. Wage growth is falling back to a more sustainable level. Seeing the labor balance move in a better direction. Wage growth is still higher than the final ba