Wall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell’s hand in December
PositiveFinancial Markets

Wall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell’s hand in December
Wall Street is reacting positively to disappointing job news, with stocks rising as investors speculate that a soft labor market could prompt the Federal Reserve to cut interest rates in December. Jamie Cox from Harris Financial Group suggests that the latest ADP report indicates a shift in monetary policy could be on the horizon, which is significant for the economy and investors alike. This optimism reflects a broader belief that easing rates could stimulate growth.
— via World Pulse Now AI Editorial System







