The Jobs Report Was Almost 3 Times Better Than Expected. Why Stocks Fell Anyway
5 Articles
5 Articles
The Jobs Report Was Almost 3 Times Better Than Expected. Why Stocks Fell Anyway
A blowout jobs report sent Wall Street into a tailspin on Friday, and the reason why reveals a fault line running straight through the hottest corner of the stock market.
Job growth in the US tripled expectations, and rising bond yields strengthened the likelihood of a Fed interest rate hike. While some institutions on Wall Street shifted their rate hike forecast from December to September, markets are focused on the decision to be made at the September 15-16 meeting.
'They're going to need to hike rates': Wall Street weighs in on Fed's next policy decision after blowout jobs report
'They're going to need to hike rates': Wall Street weighs in on Fed's next policy decision after blowout jobs report Wall Street sees a blowout jobs report and spiking Treasury yields as another sign that the Fed is going to have to hike rates to clamp down on inflation. The US economy added…
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