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This Job Reports Has High Stakes for Investors

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This Job Reports Has High Stakes for Investors Traders are watching for clues to Fed’s next move. This article is for subscribers only. Good news in today’s July jobs report could equal bad news for markets.

This Job Reports Has High Stakes for Investors Traders are watching for clues to Fed’s next move. This article is for subscribers only. Good news in today’s July jobs report could equal bad news for markets. A too-strong reading may get interpreted as a hot labor market that’s fanning inflation and adding to concern the Fed needs to raise interest rates. Conversely, a weaker-than-expected report would soothe those worries. “If you are the Fed chairman, you want a Goldilocks jobs number and not something too strong or too weak,” said Hank Smith at Haverford Trust.
Fed (ORG) Goldilocks (ORG) Hank Smith (PERSON) Haverford Trust (ORG)
Originally published by Bloomberg Markets Read original →