S&P Futures Climb on Fed Rate-Cut Hopes, U.S. PMI Data in Focus
Yahoo Finance·2025-11-21 19:15

“September’s payroll numbers may have surprised to the upside, but in terms of the Fed’s December interest rate decision, October is what mattered,” said Ellen Zentner at Morgan Stanley Wealth Management. “With that data now delayed until after the FOMC meeting, the Fed’s rate-cut path has more question marks.”The U.S. Labor Department’s report on Thursday showed that nonfarm payrolls rose by 119K in September, stronger than expectations of 53K. At the same time, the U.S. unemployment rate unexpectedly tick ...