Jobs News Stock Rally, Rate Cut Forecasts Face Test From Powell Testimony And Jobs Report
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Morgan Stanley drops call for December Fed rate cut after strong jobs data
Morgan Stanley on Thursday scrapped its forecast that the U.S. Federal Reserve would cut interest rates by a quarter-point at its December meeting after a firm September jobs report showed signs of a ... Read More
ADP Jobs Report Tops Forecasts, Muddling Fed Outlook; S&P 500 Steady
ADP's estimate of net private-sector job growth for October showed a return to modest job growth. The report has outsized significance as the government shutdown cancels another Bureau of Labor ... Read More
US Treasuries Jump as Weak Jobs Data Fuel Rate-Cut Bets
Treasuries rallied after private measures of US economic data pointed to a stumbling jobs market, spurring traders to boost wagers that the Federal Reserve will cut interest rates next month. Yields ... Read More
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