Reported about 1 month ago
As the consumer price index (CPI) data is set to be released, traders are more concerned about employment figures than inflation. With inflation declining towards the Federal Reserve's target and anticipated rate cuts, the focus has shifted to the job market's stability and the risk of recession. Recent data indicates that employment growth is slowing, raising questions about the Fed's timing on rate cuts. The stock market is also showing increased volatility, suggesting traders are hedging against potential economic downturns.
Source: YAHOO