⚡Odds of a Federal Reserve rate hike are fading with weak jobs data 📉📉
LPL Financial chief economist Jeffrey Roach said that the odds of two rate hikes by the Federal Reserve Board are declining due to overall weakness in the labor market. The nonfarm payrolls show a divergence between goods-producing sectors that support the AI boom and service sectors that are affected by technological change.
$MAGMA $ENJ $PENG
#AnchorageReportedlyCuts17%Workforce
LPL Financial chief economist Jeffrey Roach said that the odds of two rate hikes by the Federal Reserve Board are declining due to overall weakness in the labor market. The nonfarm payrolls show a divergence between goods-producing sectors that support the AI boom and service sectors that are affected by technological change.
$MAGMA $ENJ $PENG
#AnchorageReportedlyCuts17%Workforce
