Markets Have Been Jolted. Labor Data May Prove More Vital Than Fed Talk.

Markets have been given several wake-up calls this week, the most notable coming from the Federal Reserve.Newsletter Sign-up The surprise decline in weekly jobless claims to 201,000, the lowest since January, suggests the labor market is still hot. After the Fed’s economic projections Wednesday showed interest rates staying higher for longer, the labor data further solidified that concept for investors.

It also appears more justified in light of Thursday’s jobless claims data. A softening labor market is of paramount importance to the Fed to help its inflation battle. When it comes to markets, investors have reset their expectations in recent days. It leaves room for softer-than-expected economic data to rejuvenate the stock market.*** Join Investor’s Business Daily’s multimedia content editor Alissa Coram and lead premium product coach Arnie Gutierrez today at noon when they walk through how to find stocks with the “it factor” that can contribute substantial returns to one’s portfolio. Sign up here.

What’s Next: It’s not quite a done deal yet, though. Microsoft has put forward remedies to address residual concerns raised by the CMA, on which regulators will now consult until Oct. 6. But it does now seem likely the merger will be completed ahead of the companies’ own merger deadline of Oct. 18.

What’s Next: Arm, Instacart, and Klaviyo all raised their IPO ranges before pricing. That could encourage more delayed IPOs to test the waters. Dave Sekera, Morningstar Research Services’ chief U.S. market strategist, said a flood of IPOs could be coming, especially companies tied to artificial intelligence.***Halloween Retail Spending Expected to Hit $12.2 Billion Halloween, part of an important retail sales season for Target, T.J.

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