Posted 3/8/2024, 8:37:00 AM
Jobs Report and Fed Signals Key for Markets Ahead of Friday Bell
- U.S. monthly jobs report due Friday, with economists predicting slower job growth and cooling wage inflation
- Stock futures muted ahead of jobs data; indexes rose Thursday on chip stocks and Fed rate cut hopes
- Fed Chair Powell says central bank "not far" from confidence in falling inflation, opening door to rate cuts
- Costco revenue misses forecasts as shoppers cut back on pricier items
- Oil edges up on signs of strong gasoline demand in U.S. and higher Chinese crude imports