This is not a restrictive monetary policy yet, notes Michael Shaoul. He discusses how last week’s labor data impacts this week’s Fed decision. He talks about how the Fed will impact the market in 2024, as well as when the Fed will pivot to rate cuts. He then looks at a chart of the 12-month moving average for average hourly earnings year-over-year. He also goes over signs of stress in the labor market. Tune in to find out more about the stock market today.
Morning Trade Live
11 Dec 2023
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