Posted 3/3/2024, 1:00:35 PM
Powell Testimony, Jobs Report Outlook in Focus as Strong Start to Year Raises Optimism
- Jerome Powell testifies to Congress this week; markets watching for signals on interest rate cuts and economy
- February jobs report on Friday expected to show 190k jobs added and 3.7% unemployment
- With 97% of S&P 500 done with earnings, outlook not deteriorating as usual
- History shows strong January/February returns typically lead to gains rest of year
- Key economic data out this week services sector, durable goods orders, private payrolls, jobless claims