Surging jobs, wages, keep Fed base case of quarter point cuts on track
U.S. Federal Reserve concerns about a slowing job market were relieved for at least another month when new data on Friday showed job growth jumped and the unemployment rate fell in September, adding to investor bets the central bank will cut its benchmark rate only a quarter of a percentage point next month.
Last month, the Fed slashed interest rates by a supersized half-point in a bid to prevent the job market from falling apart, ...
The September jobs report shocked economists with 254,000 new jobs added over the month, over 100,000 more than expected.
The S&P 500 climbed 0.9% and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, ...
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate ...
The latest figures suggest that many companies are still confident enough to fill jobs despite the continued pressure of high ...
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than ...
Goldpared some of its gains after upbeat US jobs data. It hit a low of $2632 at the time of writing and is currently trading ...
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