Wall Street investors are bracing themselves for the impact of Friday’s highly anticipated jobs report. According to Federal Reserve (Fed) minutes, officials expressed a desire to slow down policy easing, which suggests more rate cuts could be on the horizon.
Inflation appears to be moving lower, with Waller supporting further interest rate reductions. Despite this, stock traders have been cautious in making big bets, likely due to the uncertainty surrounding the jobs report.
The market saw a mixed session, with the S&P 500 rebounding to above the key 5,900 level after briefly falling below it. The options market indicates that investors are expecting a significant move of around 1.2% either way in response to the employment data, marking one of the largest such moves since September.
Source: https://www.bloomberg.com/news/articles/2025-01-07/stock-market-today-dow-s-p-live-updates