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Apex Trader Funding (ATF) - News

Traders Rethink Interest Rate Cuts, Labor Market Heats Up, Oil Prices Quietly Reach 6-Month High: This Week In The Markets

Remarks from Federal Reserve officials alongside new economic data significantly shaped investor sentiment over the last week. The U.S. economy continues to demonstrate resilience, with the manufacturing sector returning to expansion after 16 months of contraction and the labor market adding 303,000 new jobs in March, surpassing economist expectations. Buoyed by this positive economic momentum, recent public statements from Federal Reserve officials have tempered expectations of an imminent interest rate cut, with Fed governors reiterating the need to see more positive data on disinflation. Wall Street saw a varied performance this week, with uncertainty regarding monetary policy taking the spotlight. Energy stocks, as tracked by the Energy Select Sector SPDR Fund (NYSE:XLE), notably stood out as oil prices surged to their ...