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Stock market faces a critical day with Friday's high-stakes jobs report and a Powell speech


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Published in Stocks and Investing on by MarketWatch   Print publication without navigation

Investors should brace for a high-stakes day for the markets Friday, with a critical update on the employment front and a midday speech from Federal Reserve Chair Jerome Powell on deck.

The article from MarketWatch discusses the anticipation surrounding the upcoming U.S. jobs report for April and a speech by Federal Reserve Chairman Jerome Powell, both scheduled for Friday. Investors are particularly focused on these events as they could significantly influence market directions. The jobs report is expected to show a slowdown in job growth, with forecasts suggesting an addition of about 180,000 jobs, down from the previous month's 303,000, alongside a slight uptick in the unemployment rate to 3.8%. This data is crucial as it might affect the Federal Reserve's interest rate decisions. Concurrently, Powell's speech at the annual general meeting of the Foreign Bankers' Association could provide insights into the Fed's future monetary policy, especially in light of recent economic indicators and persistent inflation concerns. The combination of these events makes Friday a pivotal day for financial markets, with potential implications for stock prices, bond yields, and currency values.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/story/friday-could-be-a-critical-day-for-investors-with-a-high-stakes-jobs-report-and-a-powell-speech-74d133c3 ]

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