The US added 199,000 jobs in the month of November according to the latest jobs data print, while consumer sentiment rose by 13.2% month-over-month alongside falling inflation expectations. Interactive Brokers Chief Strategist Steve Sosnick believes this combo of data should assuage recession risks while markets price in the Fed’s interest rate narrative for 2024.”Does [Fed Chair Jerome Powell] have his usual Goldilocks stance at the FOMC meeting where we get a little bit of this, little bit of that, and the market can read in what it wants?” Sosnick ponders to Yahoo Finance. “Or does he go a little more Grinch… at the meeting and sort of say, ‘Guys, you guys are wrong by thinking we’re going to move this quickly.'”For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live
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Great Report! 🙌🏻
There won’t be a soft landing. The upcoming recession might be worse than the 2007/2008 one.
We need more good information like this