Equity traders more leery of US job figures

Waiting on Fed: Traders in action at the New York Stock Exchange. Profit-taking is likely to continue if economic and employment data remain weak. — Reuters

NEW YORK: For two years since the US Federal Reserve (Fed) started its aggressive fight against inflation, equity traders have been glued to their screens on days when the consumer price index (CPI) is reported.

But things should be different tomorrow when the latest CPI print hits.