Softer jobs report could ease pressure on inflation, but ‘one month does not make a trend,’ Glenmede says

T he April jobs report came in below economists’ expectations, giving them hope a softer labor market could ease pressure on wage inflation. Read More

Stocks close higher after softer-than-expected jobs report fuels hopes of an earlier rate cut

After surging by more than 500 points after the opening bell, the blue-chip Dow was higher in mid-afternoon trading by 481 points, or 1.3%; the S&P 500 was up 1.3% and the tech-heavy Nasdaq gained 2%. Read More

Futures Edge Higher as Softer Inflation Report Lifts Rate-Cut Hopes

(Reuters) - U.S. stock index futures inched higher on Thursday, putting Wall Street on track to extend gains from the all-time highs hit in the previous session as a tepid inflation report bolstered . Read More

Why jobs data is more important than inflation for lower mortgage rates

With the growth rate of inflation well off the peak growth rate of inflation, the Fed has turned more into a dual-mandate Fed. Read More

Employers added 303,000 jobs in March, surging past economic forecasts

"The economy seems to have adapted to a new normal of higher rates and today's data does not increase the urgency for the Fed to make cuts." The health care industry added 72,000 jobs last month ... Read More

When Is the Next Jobs Report?

Cut too soon, with a healthy economy and labor market as the backdrop, and inflation could accelerate ... become so hinky about the jobs report even though we're not in recession. Read More

March jobs-report forecast: 200,000 new jobs and a 3.8% unemployment rate

Until recently, Wall Street DJIA SPX economists estimated that the U.S. only needed to add 100,000 new jobs a month to keep up with the growth of the labor force and contain inflation. Yet an ... Read More

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May 17, 2024 • Across the city, power lines and trees are downed, traffic lights are out and glass is scattered across downtown. About 900,000 customers were left without power early Friday. Read More

Softer jobs report could ease pressure on inflation, but ‘one month does not make a trend,’ Glenmede says

The April jobs report came in below economists’ expectations, giving them hope a softer labor market could ease pressure on wage inflation ... Pride. “One month does not make a trend, but ... Read More

Stocks close higher after softer-than-expected jobs report fuels hopes of an earlier rate cut

The economy added just 175,000 new jobs in April ... some hope that inflation is not as sticky as feared and raises the possibility of getting back on the disinflation trend we saw last year.” ... Read More