Is the US jobs market still booming?

Quick Summary:

A streak of strong US economic data has caused investors to scale back their predictions of how far the Federal Reserve will cut interest rates over the coming months.

Analysts have cautioned that recent major hurricanes and strike action could make it tricky to parse the significance of the upcoming jobs report. Ian Lyngen at BMO Capital Markets wrote this week that “idiosyncratic factors risk muddying the process of interpreting the realised data”.

A fourth such move is expected in December, but lower than expected inflation data could encourage markets to increase bets on a larger half point move, currently seen as a long shot.

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Article Details

Author / Journalist: Rafe Uddin

Category: MarketsFinanceInvesting

Markets: United States

Topics: Market Inflation Rate Rates Cent September Future Interest Expected Financial Borrowing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 12:00:41 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 989 words

Reading Time: 6 minutes read

Sentences: 14 lines

Sentence Length: 71 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23263995

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 11 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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