U.S. Employment Growth and Supreme Court Decision May Impact Markets

According to Odaily, economists predict that the U.S. economy added 73,000 jobs last month, surpassing November's 64,000. The unemployment rate is expected to decrease from 4.6% to 4.5%. The ADP private sector employment report, often considered less reliable, will be released on Wednesday, two days before the government's data. Additionally, the U.S. Supreme Court may rule on the legality of U.S. President Donald Trump's global tariffs on Friday, coinciding with the release of December's non-farm payroll data, which could influence market dynamics. Vincent Ahn, a portfolio manager at Wisdom Fixed Income Management in Plano, Texas, emphasized the significance of U.S. growth, inflation, and Federal Reserve actions on interest rates and credit instruments. He noted that events like Friday's employment report hold greater importance for the Treasury market than developments in Venezuela, unless they lead to sustained oil price fluctuations affecting gasoline prices and inflation. Ahn further explained in an email to MarketWatch that Venezuela has not impacted the bond market because it has not altered the inflation narrative.