What's next for the stock market after jobs report lands on Good Friday holiday

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

With the U.S. stock market closed on Good Friday, investors will have the weekend to digest a jobs report that saw fed-funds-futures traders raise bets on a...

With the U.S. stock market closed on Good Friday, investors will have the weekend to digest an employment report that moved fed-funds-futures traders to bet on an increased chance of the Federal Reserve hiking interest rates early next month.

The Bureau of Labor Statistics said Friday the U.S. economy added 236,000 jobs in March, with the unemployment rate dipping to 3.5% from 3.6% in February. The unemployment rate remains historically low even after the Fed’s rapid rate hikes over the past year, as it aggressively tightened monetary policy to cool the economy and tame still high inflation.

“While job growth remains robust, average hourly earnings and average weekly hours suggest some cooling in the labor market,” U.S. economists at Bank of America said in a BofA Global Research note Friday. “In our view, the March employment report keeps the Fed on track to hike” its benchmark rate by a quarter percentage point at its May meeting, they said.

“We think they still probably go one more time,” said Samana, referring to his expectations for the Fed to continue hiking in May rather than pause. A quarter point hike would bring the Fed’s benchmark rate to a target range of 5% to 5.25%. In a shortened trading session on Friday, U.S. stock-market futures rose after the employment report.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Just going to new highs is all

📈

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

LIVE BUSINESS UPDATES: Stock market closed Good Friday, jobs data, Tesla cuts prices againStock and bond markets are closed for Good Friday, the March jobs report signaled hiring yet at a slower pace, Tesla cuts prices again, the Masters tournament to deliver winning golfer payday worth millions. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Friday Morning show.... Good going all having Susan on at 0835 , 0905 and 0910.... ( Wow ) Susan, you should host this show whenever possible. You Lost When I Walked Out Of Your Newsroom as Number 1, & remained on Air for multiple channels with larger viewership than the team I left while in my 20s. Your failure to lead and repugnance to continue in efforts around my career in any form ROCK YOUR BLACK EYE EMBARASSMENT!
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »