To tell you the truth I don't think the number was enough of a surprise in either direction to change the Fed narrative coming out of this week, says Ahmed Riesgo. He discusses the Employment Situation report for October 2022 which was released today, November 4th. He also discusses how the FOMC raised rates 75 BPS and the FOMC raised the target range for federal funds rate from 3.75% to 4.0%. He then weighs the chances of a "soft landing." He then goes over expectations for market performance in the year's end, as well as recession risks to look for in today's market. Tune in to find out more about the stock market today.
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