Daily Market Update: Stock Futures Rise as Investors Await Key Inflation Data After Strong Jobs Report
TLDR January jobs report showed 130,000 new jobs added, beating analyst forecasts and complicating Federal Reserve rate cut expectations Friday’s Consumer Price Index data is forecast to show inflation declining to 2.5% year-over-year from December’s reading CME FedWatch tool indicates 94.6% probability the Fed will hold rates steady at 3.50%-3.75% range Bitcoin trades at…
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