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OverviewAPI
US Federal Reserve's potential pivot to interest rate cuts is influenced by stronger-than-expected employment data and improving consumer sentiment. The Fed is expected to keep rates in the current range until at least March, with a first rate cut likely in May. Wall Street reacted positively to the labor market report, but financial markets lowered their bets of an interest rate cut as soon as next March. The US jobs report for November showed a moderate labor market, with payroll growth of 199,000, but excluding manufacturing jobs due to the end of the auto strike. The article emphasizes the uncertainty surrounding a winning streak in the market, while focusing on the performance of the S&P 500 and Nasdaq Composite, along with the theme of Artificial Intelligence (AI) and its influence on the market.

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