Tag: labor market
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Wall Street Reacts to ‘Dovish’ First Fed Rate Cut in 4 Years
(Bloomberg) -- Traders added to bets on further easing by the Federal Reserve and the dollar ticked lower after the US central bank cut...
The stock market risks keeping Wall Street’s biggest bulls up at night
The bulls on Wall Street have been largely right about the stock market over the past two years.Business Insider asked three bullish stock strategists...
What a bigger-than-expected Fed rate cut would mean for the stock market
After a hotter-than-expected inflation reading on Wednesday, markets have quickly moved to price in a higher likelihood that the Federal Reserve will opt for...
The August jobs report reinforces ‘waning vigor’ in the labor market and the Fed should deliver a big rate cut, JPMorgan says
The US added 142,000 jobs in August, bringing the unemployment rate down slightly to 4.2%.JPMorgan chief economist Michael Feroli said the data points to...
Instant view: August US payrolls short of expectations, boosts bigger rate cut view
NEW YORK (Reuters) - STORY: U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested an...