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Stock impact report

Why Matterport, Inc. (MTTR) is the Hottest Penny Stock to Invest in According to Hedge Funds [Yahoo! Finance]

Matterport, Inc. - Class A (MTTR) 
Company Research Source: Yahoo! Finance
Financial markets are betting that the Federal Reserve's half-point interest rate cut in September will be followed by slower and smaller moves due to the surge in US job growth. A Labor Department report released on Friday, October 4, shows that employers added around 254,000 jobs in September, which was much more than expected. Unemployment declined to 4.1%. Federal Reserve chair Jay Powell said that the US Central Bank would consider returning to its more usual quarter-point cut in November if economic data remained robust. In back-to-back appearances on Yahoo Finance and Bloomberg TV, Chicago Fed President Austan Goolsbee called the jobs report “superb,” saying that continued strong labor market data would give him additional confidence that the US economy is not headed for a crash and is at the full employment goal of the Fed. Even so, he said that Fed policymakers would likely need to cut rates by “a lot” over the coming 12 to 18 months to ensure the strength of the labor m Show less Read more
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