Nonfarm data shows a smooth landing: US stocks edge higher as the market awaits the final tariff decision

PANews, January 9—According to Jinse Finance, U.S. stocks edged higher on Friday as the December non-farm payrolls report did not alter expectations that the Federal Reserve will keep interest rates unchanged. Meanwhile, traders are closely watching for a possible Supreme Court ruling on the legality of tariffs imposed by Trump. Cayla Seder, macro multi-asset strategist at State Street Bank, stated: "Today's labor data suggests the labor market is more balanced rather than weak. The figure is strong enough to indicate the economy is in decent shape, but not so strong that the market needs to significantly change its expectations for monetary policy, which is positive for equities." Regarding the tariff ruling, the U.S. Supreme Court is about to decide on the legality of President Trump's comprehensive tariff policy introduced in April, which has become one of the next major tests facing U.S. stocks and bonds and once caused market turmoil. If the ruling finds the tariffs unconstitutional, the stock market could be boosted as profit margins are expected to improve and consumer burdens are eased. Meanwhile, Treasuries may come under pressure, as this potential stimulus policy could complicate the Fed's rate-cutting path and increase the risk of exacerbating the government budget deficit.