Page 14 - Jeffrey Roach News Today

Economists' and financial analysts' varied reactions to Bureau of Labor Statistics' December jobs report.

U.S. job openings fell to nearly a three-year low in November as the labor market gradually cools, which could pave the way for the Federal Reserve to start cutting interest rates this year.

Apple and Microsoft moved lower to pull the Nasdaq down, while the Dow edged up. All eyes are on the non-farm payroll report due out tomorrow.

The December jobs report, due Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.

Steady job postings, cooler hiring and less quitting: After a record-shattering stretch, Americas once-remarkable labor market has settled into a more normal groove.

U.S. job openings fell to nearly a three-year low in November as the labor market gradually cools, which could pave the way for the Federal Reserve to start cutting interest rates this year. ... -January 03, 2024 at 12:04 pm EST - MarketScreener

Financial experts spark discussions on potential pace/scale of future Fed rate cuts. Views range from positive inflation moderation to cautious rate cut approach & keeping options open.

Investors still have high expectations for Fed rate cuts this year, despite slightly hawkish meeting minutes published on Wednesday.

The number of available jobs in the U.S. continued to fall in November to 8.79 million, a sign the labor market is cooling amid higher interest rates.

The Census Bureau reported a 0.4% growth in construction spending in November, the 11th straight month of increases in the indicator, driven higher by a 2.9% increase in single-family home construction.