⚠️3 Things to Watch This Week: -Debt Ceiling Deal -U.S. Jobs Report -Last Batch of Earnings $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Investing.com -- With a tentative agreement in place to raise the U.S. debt ceiling investors will be turning their attention to the Federal Reserve's plan for interest rates. Friday's U.S. jobs report will be closely watched - a strong number would fuel expectations for another rate hike in June.
The long standoff on raising the debt ceiling has spooked financial markets, weighing on equities and forcing the United States to pay record-high interest rates in some bond sales, but for the most part investors had been expecting Washington to reach a deal, meaning a sustained rally in stock markets may be unlikely.jobs in May. In April, U.S. job growth accelerated to add 253,000 with wage gains increasing solidly.
But since then, some Fed policymakers have said inflation does not appear to be cooling fast enough, a view that was bolstered by data on Friday showing that underlying core inflation jumpedMarkets are now pricing in a roughly 64% chance that the Fed raises rates by another 25 basis points at its June 14 meeting, according to Investing.com’sU.S. stocks finished sharply higher on Friday ahead of the long weekend, with the U.S. stock market closed on Monday for the Memorial Day holiday.
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