Case for September Rate Cut Builds After Slower Jobs Data
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Top stories - CBS News
What September's strong jobs report means for you
A blockbuster jobs report for September sent stocks to record highs. The economy added 245,000 jobs last month, according to the Labor Department, exceeding the expectations of most economists. ...Yesterday -
Business - MarketWatch
Dow logs record high as stocks rise, Treasury yields jump after strong jobs data
U.S. stocks rallied Friday on fresh signs of a strong labor market, with the Dow Jones Industrial Average ending at a record peak while the bond market dialed back recession fears.Yesterday -
Business - Financial Times
US economy smashes expectations with 254,000 jobs added in September
Figure prompts traders to increase bets Federal Reserve will slow pace of interest rate cutsYesterday -
Business - MarketWatch
Investors question Fed’s rate cut amid signs of faster economic growth
Something unexpected is happening on the road to the much-hoped-for soft landing in the U.S.: The growing possibility of an economic reacceleration, which handed Treasury yields their biggest ...Yesterday -
Business - MarketWatch
2-, 10-year Treasury yields see biggest weekly gains in up to 2 years after ‘supernova’ jobs report
Treasury yields recorded their biggest weekly advances in up to two years on Friday after September’s nonfarm-payrolls report produced far more new jobs than expected, erasing the likelihood of ...Yesterday -
Business - The New York Times
U.S. Employers Add 254,000 Jobs in September as Economic Growth Remains Solid
U.S. employers added 254,000 jobs in September, a sign that economic growth remained solid. The unemployment rate fell to 4.1 percent.Yesterday -
Business - CNBC
Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report
If this sounds like a Goldilocks scenario, it's probably not far from it, even with the lingering inflation concerns.Yesterday -
Business - CNBC
Next steps for the Fed after strong jobs data — plus, news on health and beer stocks
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.Yesterday -
Top stories - CBS News
3 home equity loan mistakes to avoid now that rates are cut
Home equity loan borrowing is becoming cheaper for homeowners, but they should still avoid these easy mistakes.Yesterday -
Business - CNBC
Mortgage rates spike after stronger-than-expected jobs report
The average rate on the 30-year fixed mortgage is now 6.53% according to Mortgage News Daily.Yesterday - Mortgage -
Business - CNBC
Here's where the jobs are for September 2024 — in one chart
Hospitality and health care were two bright spots for the U.S. labor market in September, according to Friday's jobs report.Yesterday -
Business - CNBC
Jobless rates fall for Black and Hispanic men in September
Black and Hispanic men experienced a fall in jobless rates in September.Yesterday -
World - The Guardian
Dollar strengthens after US beats forecasts with 254,000 new jobs in September – as it happened
Rolling coverage of the latest economic and financial news. US adds over 250,000 jobs in September, defying fears of slowdown The pound jumped as traders reacted to Huw Pill’s call for a ...2 days ago -
Top stories - CBS News
15 best long-term CDs to open before the next rate cut
With more Fed rate cuts on the horizon, it could make sense to open one of these top-earning CDs before rates drop.2 days ago -
Top stories - CBS News
New jobs report stronger than expected, signaling more potential interest rate cuts this year
The second-to-last jobs report before Election Day was just released and it shows stronger than expected numbers that could signal more federal interest rate cuts. CBS News contributor Javier David ...2 days ago -
Business - CNBC
U.S. job creation roared higher in September as payrolls surged by 254,000
Nonfarm payrolls were expected to increase by 150,000 in September, according to the Dow Jones consensus forecast.2 days ago -
Business - Inc.
Better Than Expected Jobs Data Supports a Soft Landing
U.S. companies created 254,000 jobs last month, a hefty jump from 142,000 in August, and far more than the 150,000 expected by analysts.2 days ago -
Top stories - CBS News
Employers added 254,000 jobs in September, blowing away forecasts
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.2 days ago -
Politics - The Hill
US adds 254K jobs in September, blowing past expectations
The U.S. added 254,000 jobs in September, and the unemployment rate ticked lower to 4.1 percent, according to Labor Department data released Friday. The September jobs report blew past economist ...2 days ago -
Business - MarketWatch
September surprise? U.S. jobs report holds key to Fed rate cuts.
The U.S. jobs report has overtaken inflation as the chief worry of the Federal Reserve as it plots how fast to cut interest rates.2 days ago - Federal Reserve -
Business - CNBC
Here's everything to expect when the September jobs report is released Friday
Nonfarm payrolls are projected to show growth of 150,000, form 142,000 the month before, with a steady unemployment rate of 4.2%.2 days ago -
Tech - ABC News
Austrian activist Schrems wins privacy case against Meta over personal data on sexual orientation
The European Union’s top court has said that social media company Meta can’t use public information about a user’s sexual orientation obtained outside its platforms for personalized advertising ...2 days ago -
Top stories - CBS News
How much will a $60,000 home equity loan cost per month now that rates are cut?
Homeowners looking for $60,000 worth of extra money should consider their home equity. Here's what it costs now.2 days ago -
Top stories - CBS News
Why mortgage rates rose after initially falling
Mortgage rates dropped after the Fed's interest rate cut announcement in September. Although rates appear to have slightly risen since dropping to a record two-year low, experts still believe they ...2 days ago - Mortgage -
Business - MarketWatch
September jobs report could give stock and bond markets an October surprise
Payroll figures reveal if the Fed is ahead of the curve or behind it.2 days ago -
Business - MarketWatch
Mortgage rates rise amid geopolitical tensions and uncertainty over future Fed cuts
The 30-year mortgage rate is averaging 6.12%, Freddie Mac said in its latest weekly survey on Thursday.2 days ago - Mortgage -
Business - MarketWatch
Pound slides as Bank of England chief says it could be ‘more aggressive’ in cutting rates
The pound fell sharply Thursday after Bank of England Governor Andrew Bailey said the central bank could be more aggressive in cutting borrowing costs if inflation remained benign.3 days ago -
World - ABC News
12 injured after a Russian glide bomb smashes into a Ukrainian apartment building
New NATO Secretary-General Mark Rutte has visited Ukraine in his first official trip since taking office and pledging continued support for Kyiv3 days ago - Ukraine -
Top stories - BBC News
Interest rate cuts could be more aggressive, Bank of England governor says
Governor Andrew Bailey hints that borrowing costs could come down faster if inflation stays in line.3 days ago -
World - The Guardian
Pound on track for biggest fall in 18 months after Bank of England governor hints at ‘more activist’ rate cuts – business live
Andrew Bailey tells the Guardian the Bank could become a “bit more aggressive” in cutting interest rates if news on inflation continued to be good. Full story: Sterling slips after Bank of ...3 days ago