Wall Street Awaits Job Market Data, Fed Rate Cut Expected

Wall Street holds steady, awaiting job market data; private survey suggests job losses in November; markets rise to near record levels due to weak jobs report; Fed expected to cut rates next week to support slowing job market; governments weekly jobless claims report crucial due to delayed November jobs report; Feds preferred inflation measure to be released tomorrow, influencing interest rate decision. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.