{
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Treasury Yields Steady as Investors Anticipate Key Jobs Report Release
U.S. Treasury yields remained stable as investors awaited the crucial nonfarm payroll report, expected to show an increase of 214,000 jobs in November, a rebound from October's disappointing 12,000. This data will be vital for assessing the labor market's strength and influencing the Federal Reserve's upcoming rate decision. Fed Chair Jerome Powell indicated a cautious approach to rate cuts, citing stronger economic growth and inflation trends.
CNBC
United States Dollar Boeing Co USA Jerome Powell Kathy Jones
Finance & Economy, Market Report
10:23 06.12.2024
Jobs Report Anticipated to Show Significant Payroll Increase Amid Economic Uncertainty
An upcoming jobs report is expected to show a significant increase in nonfarm payrolls for November, with projections of 214,000 new jobs, rebounding from October's low of 12,000 due to disruptions from storms and strikes. The report will be crucial for the Federal Reserve ahead of its policy meeting, as it navigates between inflation concerns and employment stability. The unemployment rate is anticipated to rise to 4.2%, while average hourly earnings are expected to increase by 0.3% monthly and 3.9% annually.
CNBC
United States Dollar U-Haul Holding Co Boeing Co USA Vincent Reinhart Kathy Jones
Finance & Economy, Market Report
21:52 05.12.2024
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