US Economic Update: Mixed Data on Oil Rigs, Jobs, GDP, and Consumer Confidence Sparks Market Uncertainty

One Million Trade - 2024-03-28 17:00:00

The latest macroeconomic analysis reveals a mixed bag of economic indicators in the US, with the Baker Hughes Oil Rig Count showing a slight decrease. While the labor market saw a contraction in the ADP Nonfarm Employment Change, there was a strong increase in Nonfarm Payrolls. The USD GDP for Q4 showed robust growth, but manufacturing activity slowed down. Investors should stay cautious as central banks may take a reserved approach to monetary policy in the face of market uncertainty.

The latest data on the U.S. Baker Hughes Oil Rig Count and Total Rig Count have just been released, ...Subscribe to access the full content