Lates News

Patrick Munnelly of Tickmill Group pointed out in the report that investors were concerned about the risks of stagnating US economic growth and rising inflation before the non-farm payroll data. The increase in energy costs due to the Middle East conflict has reignited market fears of inflation and led to a downgrade in expectations for future rate cuts by the Federal Reserve in the coming months. Munnelly stated that investors will closely watch US employment data because strong data may indicate that "the economy can still withstand higher and longer interest rate levels"; however, a weak employment report could exacerbate market concerns about economic weakness.