Stock Market Today: Dow Rides Hopes for 'Fed Pivot' to Close Higher -
fell to the lowest since June last year, and were “very broad-based and spanned most industries and all business sizes,” Jefferies said in a note.
If the slowdown in labor demand continues and core inflation, which excludes food and energy prices, “falls as much as we expect the Fed will not be hiking by 125bp by the year end,” Pantheon Macroeconomics said Tuesday. Treasury yields continued their retreat in the wake of bets of a less hawkish Fed, helping growth sectors of the economy including tech to build on Monday’s gain.
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