US stock markets rise on expectations of Fed interest rate cut due to job market easing.
US stock markets rise amid optimism that the Federal Reserve will cut interest rates this year due to signs of easing in the US job market. Job vacancies fell to the lowest level since 2021, prompting investors to look beyond the "Goldilocks" scenario and consider a more cautious outlook, with the likelihood of a Fed rate cut by year-end increasing. However, concerns about high inflation and borrowing costs persist.
June 05, 2024
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