Persistent macroeconomic and geopolitical headwinds and fears of a recession have kept the stock market highly volatile this year. While signs of slowing inflation and Fed Chair Jerome Powell’s dovish comments improved investors’ confidence, the stronger-than-expected jobs report and increased wages in November dampened investor sentiment again.
Investors worry that the latest jobs and wages data could probably stop the Fed from lowering the magnitude of its rate hikes, enhancing the odds of a recession.
