The Federal Reserve's increased attention to the labor market indicates the US economy is in the late stages of the business cycle, leading to heightened sensitivity to key economic data points.
Market reactions intensified after disappointing jobless claims and the ISM manufacturing report showing grim numbers, driving a session-long downtrend and setting a negative tone for Asian markets.
#federal-reserve-focus #labor-market-data #market-reactions #ism-manufacturing-report #economic-cycle
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