Yields edged higher on Tuesday ahead of crucial economic data, including the Labor Department's Job Openings and Labor Turnover Survey and the November jobs report, both expected to provide valuable insights into the U.S. economic strength and impact on interest rates.
Yield edged higher on Tuesday as investors await data that will offer insights about the strength of the U.S. economy. Yield dipped 1 basis point to trade at 4.184%. Market participants will monitor the Labor Department's Job Openings and Labor Turnover Survey for October on Tuesday morning. The report, due at 10 a.m. ET, will provide estimates for the number of job openings, hires, layoffs, and quits.
Investors will also scrutinize comments from Fed Governor Adriana Kugler and Chicago Fed President Austan Goolsbee on Tuesday for hints on interest rate policy. The November jobs report will be published on Friday and is expected to show the U.S. economy added 214,000 jobs last month, up from 12,000 in October. The unemployment rate is forecast to reach 4.2%, up from 4.1% in the prior month. The jobs report is crucial for investors as it will be the last major look at the labor market before the Fed's Dec. 17-18 meeting, where it will decide on interest rate cuts
Yield Job Openings And Labor Turnover Survey November Jobs Report Interest Rates Unemployment Rate
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