Stock Index Futures Gain on Oracle Boost Ahead of Key U.S. PPI Data
JPMorgan CEO Jamie Dimon told CNBC in an interview on Tuesday that the record revision to U.S. payrolls data underscores that the U.S. economy is contending with a slowdown. “The economy is weakening,” Dimon said. “Whether that is on the way to recession or just weakening, I don’t know.”“The labor market appears weaker than originally reported,” said Jeff Roach at LPL Financial. “A deteriorating labor market will allow the Fed to highlight the need to ease rates. Investors should expect the Fed to officiall ...