Risk of Another Ugly U.S. Jobs Report Is Keeping Investors Wary
Investors were on edge a year ago for signs the U.S. labor market was overheating. Now they’re primed for the opposite. While Friday’s jobs report is expected to show payrolls rebounded in March following the weakest reading since 2017, economists forecast a 180,000 gain. That would be a moderation from last year’s average as business investment slows and headwinds gather. Bond investors are wary that the falloff could be sharper this year, with markets reflecting bets that a recession is looming and the Federal Reserve will play defense by cutting ...
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