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After Friday's jobs shocker, this is what you need to watch
With the Fed appearing to be even more sidelined, traders will scratch for clues on interest rates in the words of Fed speakers and economic data in the week ahead. Market expectations for a rate hike this year were fading, after Friday's disappointing April jobs report came in at 160,000 nonfarm payrolls, 40,000 short of forecasts. That slower job growth pace departs from the more recent 200,000 plus level, and potentially signals a new era of slower job growth, economists said. Retail sales will be a key piece of data Friday, and there is also consumer sentiment and PPI inflation data that day. The Fed has said its ... (full story)
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