Economic Data & Inflation: Tom Essaye Quoted in Barron’s
Stock Markets Pause Ahead of Next Week’s Fed Decision
Firstly, “Today focus will be on economic data and if data is ‘Goldilocks’ like we saw on Thursday, expect a continuation of yesterday’s rally.” “Conversely, if the data shows inflation hot or growth slowing, don’t be surprised if markets give back most of yesterday’s rally,” writes Sevens Report Research’s Tom Essaye.
The United Auto Workers also began a partial strike on Friday. Uncertainty surrounding the impact of the strike could weigh on markets.
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