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Wall St, soft jobs
Wall St gains after soft jobs data allays rate jitters
Wall Street's main indexes advanced on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support.
Jobs Data Revives Wall Street’s Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.
Rate-Cut Odds Rise After April Jobs Data
Fed-funds futures now see a better chance of a rate cut by September following Friday’s cooler-than-expected jobs report. Traders now see a 74.1% chance that the Federal Reserve’s policy committee cuts interest rates at least once through its September meeting,
ECB should accumulate data between rate cuts, chief economist says
The European Central Bank should accumulate data before each interest rate cut given the great uncertainty that surrounds the economic outlook, ECB chief economist Philip Lane said on Thursday.
4d
The Fed is focusing on 'flawed' data and keeping rates high will result in a big policy mistake, economist says
Various indicators show the Fed may be looking at the wrong data points to inform its higher-for-longer interest rate path, ...
1d
on MSN
US maternal mortality rate declines, but disparities remain, new CDC data shows
After a sharp rise in women dying in pregnancy, childbirth or postpartum earlier in the Covid-19 pandemic, rates decreased ...
1d
on MSN
Interest rates could be high for much longer. Here's what it means for your finances
The prospect of high interest rates for a longer period of time could exacerbate the financial pain already imposed by ...
1d
on MSN
Here’s what latest data says about Oakland’s crime rates
Crime trends are shifting in Oakland this year, with violence crime rates dropping and robberies rising, city data shows. The ...
17h
30-Year Mortgage Rates Fall to Lowest Level in More than a Week
With a two-day drop, 30-year mortgage rates have dipped to their lowest average in eight days. Rates moved down for most other new purchase loans as well.
2d
How many Delaware drivers have failed their license test? New data shows high rates of failure
The high rates of failure could also have to do with Delaware’s higher rates of licensed drivers. The First State showed the ...
3d
on MSN
ECB's Villeroy: Inflation data boosts confidence in June rate cut
French and eurozone inflation data released on Tuesday boosts confidence the European Central Bank will be able to start ...
19h
on MSN
Dow jumps nearly 500 points after softer-than-expected jobs report fuels hopes of an earlier rate cut
US socks soared higher Friday morning after new data showed that US job growth slowed considerably last month.
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