June jobs report ushers in new quarter during holiday-shortened trading week: What to know this week

June jobs report ushers in new quarter during holiday-shortened trading week: What to know this week
https://finance.yahoo.com/news/june-jobs-report-ushers-in-new-quarter-during-holiday-shortened-trading-week-what-to-know-this-week-123222324.html

Summary

Certainly! Here are the key takeaways from the article:

• Labor Market Focus: Investors are closely watching labor market data as the Fed maintains its restrictive interest rate stance. The June Jobs report, due on Friday, is expected to show further cooling in the job market[^1^][1].
• Inflation Trends: Recent inflation trends have been positive, with prices increasing at their slowest pace since March 2021[^2^][2]. This is viewed as a step in the right direction for the Federal Reserve's fight against inflation[^3^][3].
• Economic Activity and Interest Rates: Economists argue that the Fed should consider cutting interest rates sooner due to positive inflation trends combined with signs of slowing economic activity[^4^][4].
• Stock Market Rally: Similar to 2023, most of 2024's stock market rally has been driven by a few large tech stocks[^5^][5].