Bloomberg on Nostr: Traders Try to Front Run a Data-Dependent Fed ========== Wall Street traders trying ...
Traders Try to Front Run a Data-Dependent Fed
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Wall Street traders trying to front run the Federal Reserve should be happy this week is finally over. The S&P 500 and Treasuries notched their first in-tandem weekly gain in a month, thanks largely to softer US financial data. Recent reports suggest retail sales are surging along with slowing gross domestic product. Industrial production has been rising while manufacturing has been easing. Jobless claims are holding steady—yet hiring has ticked down. The nonfarm payrolls report on Friday marked the first major macro data dump for the month of April, and it suggested that the US economy is still on its trajectory of rebalancing labor markets, moderating wage growth. Traders are finding it challenging to navigate the divergent economic reports and profit from them.
#WallStreet #FederalReserve #UsEconomy #Traders #FinancialData
https://www.bloomberg.com/news/newsletters/2024-05-03/bloomberg-evening-briefing-traders-try-to-front-run-a-data-dependent-fed
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Wall Street traders trying to front run the Federal Reserve should be happy this week is finally over. The S&P 500 and Treasuries notched their first in-tandem weekly gain in a month, thanks largely to softer US financial data. Recent reports suggest retail sales are surging along with slowing gross domestic product. Industrial production has been rising while manufacturing has been easing. Jobless claims are holding steady—yet hiring has ticked down. The nonfarm payrolls report on Friday marked the first major macro data dump for the month of April, and it suggested that the US economy is still on its trajectory of rebalancing labor markets, moderating wage growth. Traders are finding it challenging to navigate the divergent economic reports and profit from them.
#WallStreet #FederalReserve #UsEconomy #Traders #FinancialData
https://www.bloomberg.com/news/newsletters/2024-05-03/bloomberg-evening-briefing-traders-try-to-front-run-a-data-dependent-fed