Traders are anticipating the release of the January jobs report, which could significantly impact the already volatile market. Economists predict a gain of 169,000 jobs with an unemployment rate remaining at 4.1%. Global trade concerns and potential inflation due to tariffs are adding to market uncertainty. JPMorgan traders have outlined five potential scenarios based on job growth figures, each with varying implications for the S&P 500.
Traders are bracing for the release of January's jobs report on Friday, which could inject some more volatility into an already jittery market. Economists polled by Dow Jones expect the Bureau of Labor Statistics to report a gain of 169,000 jobs for last month. The unemployment rate is expected to remain steady at 4.1%.
"This is the type of print that would be worrisome to the Fed and the bond market, and the reaction would likely remove the 2x rate cuts currently priced into the market; and, depending on the strength of the print, could increase bets that the Fed would have to hike at some point this year as the economy would be poised to accelerate well beyond 3% real GDP growth," the traders said. Between 190,000 and 230,000 jobs added : The S & P 500 would gain between 0.25% and 1.
JOBS REPORT MARKET VOLATILITY FED RATE CUTS GLOBAL TRADE CONCERNS ECONOMIC GROWTH
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AI-Related Jobs Soar on LinkedIn's 'Jobs on the Rise' ReportLinkedIn's annual 'Jobs on the Rise' report highlights the growing demand for AI talent, with AI engineers and consultants leading the list. The report, based on real-world hiring trends, reflects the increasing adoption of AI across industries.
Read more »
EUR/USD Dips as Traders Await US Jobs DataThe EUR/USD currency pair declined on Wednesday, pulling back towards the 1.0300 level. Traders are closely monitoring economic data releases from both Europe and the United States, particularly the upcoming US Nonfarm Payrolls report.
Read more »
Asia-Pacific markets trade lower after strong U.S. jobs report clouds Fed rate-cut pathChina is slated to release its December trade data later in the day, while India is expected to report its inflation figures for the same month.
Read more »
Bitcoin Rebounds from $89K Low as Traders Await CPI ReportBitcoin (BTC) price showed a sharp rebound from its intraday low of $89,000 on Monday, leaving behind a long-legged doji candlestick pattern that suggests potential bottom formation. Traders are now looking ahead to Wednesday's U.S. CPI report, which could impact expectations for Fed rate cuts and potentially influence BTC's price direction.
Read more »
AI-Driven Jobs Surge on LinkedIn's 'Jobs on the Rise' ListLinkedIn's annual 'Jobs on the Rise' report highlights the growing impact of artificial intelligence (AI) on the job market, with AI engineers and consultants leading the list. The report, based on real-world hiring trends, shows a shift towards AI-related roles as companies increasingly integrate AI into their operations. Despite a tightening labor market, experts remain optimistic about job prospects for those open to exploring AI-driven fields.
Read more »
Trump's Attacks on Special Counsel Jack Smith as His Report LoomsDonald Trump continues to attack Special Counsel Jack Smith as his final report on investigations into the former president nears completion. Smith's findings are currently in limbo, with Trump trying to prevent their release. The situation raises questions about transparency and the potential influence of the incoming administration on the outcome of the investigations.
Read more »