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haele

(13,769 posts)
6. Employment figures. The Fed has little reason to drop interest rates.
Fri Jan 10, 2025, 01:08 PM
Jan 10

So stocks are down.
This always happens when the Jobs numbers increase.
High unemployment drops labor costs and negotiation power (leading to the "If you don't like my rules and the way I exploit you, I can hire someone else who will gladly put up with it" Management practice).
Shareholders love that, along with low interest rates so they can borrow money to buy more stocks and make more profit. Of course, lenders don't really like that the lower interest rate, but that's offset by more borrowers, so they make profit no matter what.

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