US stocks fall after blockbuster January jobs report suggests more hawkish Fed moves ahead
US stocks fell on Friday after a blockbuster January jobs report suggested the Federal Reserve will continue to be hawkish with more interest rate hikes.
The US economy added 517,000 jobs in January, more than double the estimate of 188,000. The unemployment rate fell to 3.4%, representing the lowest level in 54 years. The continued strength of the labor market could be a hindrance to Fed Chairman Jerome Powell's quest to tame inflation, as a tight labor market often leads to higher wage gains. After the jobs report, the chances of further interest rate hikes in March and May increased significantly, according to the
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stock Market Today: Dow Slips 150 Points Post-Fed; Meta Stock SurgesThe Nasdaq is up 3% midday as tech shares lead a post-Fed rally. Earnings results from Apple, Alphabet and Amazon are due after the bell.
Consulte Mais informação »
The Fed raises interest rates: Here's what that means for the stock marketU.S. stocks and bonds rallied on Wednesday, much to the chagrin of traders who had ramped up bearish bets on the expectation that Federal Reserve Chairman...
Consulte Mais informação »
Asian Stock Market: Gains seem restrictive despite Fed’s smaller rate hike and subdued oil priceMarkets in the Asian domain are moderately positive on Thursday as the Federal Reserve (Fed) announced a smaller interest rate hike to keep its moneta
Consulte Mais informação »
Stock, Bond and Crypto Investors Call Fed’s Bluff on Interest RatesA strong start to the year for stocks, bonds and cryptocurrencies show investors don’t believe the Fed will keep interest rates high for long, even as the central bank says the inflation fight isn’t over.
Consulte Mais informação »
The Fed Fights the FedThe Federal Reserve signaled more interest-rate increases in the fight against inflation. As jdlahart explains, there seems to be a disconnect between what policy makers say they’ll do and what investors think they'll do. WSJWhatsNow
Consulte Mais informação »
Sony has now shipped over 32.1 million PS5s following blockbuster holiday sales | EngadgetSony's gaming business had a blockbuster holiday quarter as it sold 7.1 million PS5s from October to December compared to 3.9 million in the same quarter last year..
Consulte Mais informação »