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US beats forecasts with 254,000 new jobs in September; BoE’s chief economist urges caution over interest rate cuts – business live
Rolling coverage of the latest economic and financial news
- Sterling drops after Bank of England boss hints at ‘aggressive’ rate cuts
- Carmakers ramp up pressure on chancellor for EV sales subsidies
The pound jumped as traders reacted to Huw Pill’s call for a cautious approach to interest rate cuts.
It rallied as high as $1.3164, up from $1.312 last night,before settling back at $1.315
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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.52 minutes ago -
Business - Financial Times
US yields jump on jobs numbers as chances fade of bumper interest rate cut
14 hours ago -
Business - Financial Times
US economy smashes expectations with 254,000 jobs added in September
Strong figure comes as Federal Reserve considers how rapidly to cut interest rates13 minutes ago -
World - Financial Times
US economy far outstrips expectations with 254,000 jobs added in September
Strong figure comes as Federal Reserve considers how rapidly to cut interest rates49 minutes 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.1 hour ago - Federal Reserve
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