FX.co ★ US Futures Waver after Jobs Report, Retail Sales

On Tuesday, futures contracts for the three major US indices remained largely unchanged as investors assessed a series of delayed economic reports. These reports did little to alter the outlook for the Federal Reserve, with markets still anticipating at least one more rate cut next year. The jobs report revealed that the US economy added 64,000 positions in November, surpassing the projected 50,000. However, the unemployment rate unexpectedly increased to 4.6%, the highest since 2021, suggesting a softening labor market. Meanwhile, retail sales overall remained stagnant due to declines at auto dealerships and gasoline stations, though spending demonstrated resilience in several other sectors.