Weak US Job Data Could Lift Stocks, Says Morgan Stanley's Wilson [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Reserve interest-rate cuts, according to Morgan Stanley strategist Michael Wilson. Investors are looking to the data for clues on whether the Fed is close to being done easing monetary policy, after three straight cuts, or if it needs to move more aggressively. Most Read from Bloomberg Can Netflix Help Save the American Mall? A Train Grows in Brooklyn Trump's New Architect Is Sticking With Ballroom's Giant Size Extreme Weather Plunges Brazil's Largest City Into Darkness Hochul Picks Kathryn Garcia as Next Head of Port Authority “We are now firmly back in a good is bad/bad is good regime,” Wilson wrote in a note, explaining that a buoyant labor market, while good for the economy, would lower the probability of rate cuts going into 2026. US economic readings this week will go a long way to filling in the data void created by the government shutdown. Delayed monthly employment numbers are due on Tuesday, with economists projecting a 50,000 increase in payrolls and a 4.5
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