From Tuesday's Dow drop to Friday's rally, here's why it was a whipsaw week for the market
Publishing timestamp: 2023-10-08 08:56:05
Summary
The article discusses the recent labor market data and its impact on the stock market. It highlights the modest wage growth and its implications for inflation and interest rates. The article also mentions conflicting views among economists and bond investors regarding the labor data. It concludes by suggesting that the market and the Federal Reserve should embrace the current state of the economy, characterized by robust employment and declining inflation.
Sentiment: MIXED
Keywords: federal reserve bank, u.s. 10 year treasury, business news, breaking news: economy, breaking news: markets, dow jones industrial average, markets, u.s. economy, jobs, s&p 500 index, stock markets, interest rates, economy,