Chart watchers diverge an outlook for stocks
Wall Street chart watchers split on future stock directions amid Brexit uncertainty. Analysts cite euro pound moves and global yields while others warn momentum wanes. Some see new S&P highs despite volatility. others predict testing prior lows if patterns fail.
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USA Snapshot on Rates and Analysts
USA TODAY reports on current interest rate trends as of Wednesday, with analysis by Jae Yang and Karl Gelles. The piece notes market responses and expert interpretations while directing readers to rates.usatoday.com for updated figures.
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Jobs rebound eyed as June data loom
Friday’s closely watched payroll report could confirm a rebound after weak April and May. Economists foresee about 180,000 jobs added in June, with revisions possible for April and May, and the unemployment rate seen near 4.8 percent versus 4.7.
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Fed poised to hold rates as Brexit looms and jobs slip
Fed policymakers in June signaled no hurry to raise rates amid weak job growth and a looming Brexit vote. Minutes show insistence on data dependency and caution about inflation and labor strength, with a July move unlikely and September uncertain. Officials expect slower hikes in coming years to gauge effects on the economy.
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