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Wall Street rallies after US beats forecasts with 254,000 new jobs in September – business live
Rolling coverage of the latest economic and financial news
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.2 hours ago -
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US economy smashes expectations with 254,000 jobs added in September
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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.1 hour ago -
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