The Stock Market is approaching boiling point
Two of the most crucial macroeconomic data points converge in the week that starts today. Their figures may add additional doses of tension to markets, analysts warn, which are approaching a boiling point.
This week, financial markets are bracing for crucial macroeconomic data that could increase tension, according to analysts. The US Federal Reserve's preferred inflation indicator, the core PCE deflator, is expected to remain at 3.3% on Wednesday, and the official employment report on Friday is forecast to show job creation above 100,000.
These figures may lead to another interest rate hike in October, as widely expected by the market. Meanwhile, rising oil prices and increasing debt yields, now above 5%, have sparked concerns among analysts, with some warning of a potential market downturn, while others, like Citi, see buying opportunities in potential market dips.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
