Recession fears flare and June jobs report looms as jittery markets head into third quarter
- With increased worries about a recession swirling everywhere, Friday’s jobs report and the minutes from the last Fed meeting on Wednesday should be highlights of the week ahead.
- Economists expect that employers created another 250,000 jobs in June, less than the 390,000 added in May, according to Dow Jones.
- “I think the market is caught between two narratives,” said one strategist. “I don’t know if it wants good news or bad news. At first, the hot economic news was bad because the Fed could go another 75 basis points and keep going, but now the market wants softer news. But is the landing going to be soft or hard? It’s like threading the needle right now.”