S&P 500 Logs Best Weekly Gain Since Early May on Dovish Fed Bets
The S&P 500 posted its strongest weekly advance since early May, buoyed by a softer U.S. payrolls report and a dovish repricing of Federal Reserve expectations, according to Deutsche Bank strategists.
Deutsche Bank strategists highlighted that the S&P 500 notched its strongest weekly gain since early May, driven by a combination of a weaker-than-expected U.S. payrolls print and a subsequent dovish repricing of Federal Reserve policy expectations.
The improved risk tone reflects market anticipation of a less aggressive monetary tightening path, following data that suggested cooling in the labor market. The move underscores a shift in investor sentiment toward risk assets amid renewed hopes for a pivot in central bank stance.
Source: FXStreet Forex News