Summary: Strong job market, rising inflation concerns, potential rate hikes, yield curve steepening.

From Investing.com: 2025-01-13 02:36:00

This week’s data reveals a strong December job market, with nearly 478,000 new jobs and a decrease of 235,000 in unemployment. Revisions in unemployment rates for July and March were also noted, impacting previous high points. The University of Michigan inflation data shows rising inflation concerns, with year-ahead expectations at 3.3%. Key data this week includes the NFIB survey, PPI report, and CPI data. Market signals suggest fewer rate cuts in 2025, with potential rate hikes if economic data remains strong. The yield curve steepens, with the USD/JPY weak and the S&P 500 facing key support levels.



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