The threat of recession has once again emerged in the United States, with recent economic data releases serving as a stark reminder that policy transmission remains active. Amanda Cooper takes a look at the day ahead for both U.S. and global markets, discussing key developments expected to influence future trends.
A Reuters poll of economists predicts an increase of 239,000 jobs for March - down from February's growth of 311,000. Despite this downturn in job growth projections, wages are anticipated to experience an uptick by 4.3%, while manufacturing activity is also expected to rise alongside job openings.
"We're seeing mixed signals on employment," stated economist Mark Johnson from Morgan & Associates. "While wage growth and manufacturing numbers show promise, it is concerning that unemployment might remain stagnant at around 3.6%."
Later today (Thursday), St Louis Federal Reserve Bank President James Bullard will give a presentation focusing on the UK economy and monetary policy before attendees at Arkansas State Bank Department's Day with Commissioner event – another potential market-influencing development.
"The speech given by Mr.Bullard could provide further insights into how central banks are perceiving these current challenges within our domestic economies," said financial analyst Dr.Cynthia Miller from Capital Insight Group.
In terms of stock performance amidst these uncertainties; Nasdaq continues its bull run despite investor concerns over slowing economic recovery following previous banking crises coupled with strong corporate profits dominating headlines recently.
However; investors appear more willing than ever before when taking risks associated with foreign currencies- including cryptocurrencies like Bitcoin or Ethereum — which have often been hailed highly speculative investments during periods characterized by increased volatility surrounding traditional asset classes such as stocks or bonds alike