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Wall Street Debates 'Overheating' vs 'Cooling Down', Probability of Fed Standing Pat in January Soars
Summary: According to sources, US labor data has provided Wall Street with ample evidence to support both the view of an overheating economy and the argument that the economy is dangerously cooling down. December's job growth was below expectations, with previous historical data also revised downward. However, the drop in the unemployment rate exceeded expectations, and ...
According to sources, US labor data has provided Wall Street with ample evidence to support both the view of an overheating economy and the argument that the economy is dangerously cooling down. December's job growth was below expectations, with previous historical data also revised downward. However, the drop in the unemployment rate exceeded expectations, and wage growth showed some improvement. According to the CME Group's FedWatch tool, these data have led investors to increase their bets on the Fed maintaining interest rates, with the probability rising from 88% to 95%.
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Link: Wall Street Debates 'Overheating' vs 'Cooling Down', Probability of Fed Standing Pat in January Soars [Copy]
