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After grim payrolls, focus turns to economy
[Reuters] - With a June Federal Reserve interest rate hike likely off the table following Friday's dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance. A first hint of the central bank's view of that could come Monday with a speech on the economic outlook by Fed Chair Janet Yellen. "The broader question is whether the economy is gaining the kind of momentum and traction that we need for a market that has been looking toward new highs," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
After grim payrolls, focus turns to economy - Yahoo Finance
[Reuters] - With a June Federal Reserve interest rate hike likely off the table following Friday's dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance. A first hint of the central bank's view of that could come Monday with a speech on the economic outlook by Fed Chair Janet Yellen. "The broader question is whether the economy is gaining the kind of momentum and traction that we need for a market that has been looking toward new highs," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
After grim payrolls, focus turns to economy - Yahoo Finance
