US stock futures tread water as nonfarm payrolls approach
Investing.com-- U.S. stock index futures moved little in holiday-thinned trade on Thursday evening, with focus turning squarely towards key nonfarm payrolls data for more cues on interest rates.
But the payrolls data has surprised to the upside for seven of the past nine months, amid persistent strength in the labor market. This trend kept investors on guard before Friday’s reading. Rate cut bets cooled slightly after the minutes of the Fed’s June meeting showed policymakers still needed more progress in bringing down inflation before they would cut. Some Fed officials were also seen calling for more rate hikes.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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