BofA bets on a potential Fed rate hike
After hotter-than-expected jobs report, Fed funds futures show higher chance of Fed pausing rate cuts next few months
Friday’s hotter than expected jobs report spurred traders in the federal-funds futures markets to price in a higher probability that the Federal Reserve will maintain its benchmark interest rate at the current level over the next few months.
Wall Street ends lower
The U.S. economy boasted an impressive 256,000 nonfarm payrolls in December, a figure that shocked forecasters.
Yields for the 10-year Treasury shot up Friday to their highest level since 2023, putting pressure on stock valuations.
Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following ...
Wall Street’s reaction to the strong December jobs report shows just how much bond yields and interest-rate expectations are driving the stock market these days. The Dow was down 600 points, or 1.4%, ...
The moves come as Wall Street is gearing up for December's nonfarm payrolls reading, which is scheduled to come out at 8:30 a ...
U.S. stocks dropped on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and ...
The S&P 500 dipped 0.8 percent, the Dow Jones dropped 267 points and the Nasdaq composite was down 1.1 percent Friday morning.
The U.S. labor market added 256,000 jobs in December, a strong showing at the end of 2024, as the labor market revved up ...
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