Payrolls Report: Mixed Jobs Data, Ukraine Peace Talks Impact Oil Prices

Todays payrolls report, released on a rare Tuesday, offers a glimpse into the labor markets health, covering October and November. Expectations point to a dip in October due to the shutdown, followed by recovery in November. The unemployment rate is predicted to remain steady at 4.4%. Futures markets suggest a low chance of another rate cut next month, with long-dated Treasuries struggling. The dollar has weakened, particularly against Chinas yuan and the Japanese yen. Wall Street stocks, including AI-related ones, continue to decline. Oil prices have dropped due to Ukraine peace talks, benefiting inflation expectations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.