in April, on par with growth in March, while the unemployment rate stayed unchanged at 3.6%, the Labor Department said on Friday.
He added,"Second, actions taken this week by the Federal Reserve to raise interest rates won't start to meaningfully affect jobs growth for another few months; that's just the way that monetary policy works." The yield on the two-year Treasury, which moves with expectations for Fed policy, initially shot as high as as 2.77% earlier in the morning. But it then slipped to 2.66%, down from 2.71% late Thursday.
Capital Economics expects the S&P 500, which in early afternoon trading was at 4,142 points, to fall from its current level to roughly 3,750 next year.
Maybe we should send some more money to other countries, print more money here, sign some more big spending bills, more covid restrictions, more illegal immigration...
Let’s go Brandon!💯👍🏽🇺🇸
PamJiles Lee veterana
'might '
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This market strategist says stocks could gain 8% to 15% from here --- giving anxious investors a perfect opportunity to sellHayes Martin, president of advisory firm Market Extremes, reiterates the cautionary advice he provided a week ago: Don’t get carried away if and when the market rallies. It’s most likely a counter-trend rally within a bear market.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks plunge after Fed hikes rates, worst day for Nasdaq since 2020The stock market took its worst battering since the height of the pandemic in June 2020 as investors worry that the Federal Reserve’s tightening could plunge the country into a recession.
Source: dcexaminer - 🏆 6. / 94 Read more »
Stocks end rocky week with their 5th straight weekly declineInvestors balanced a strong U.S. jobs report against worries the Federal Reserve may cause a recession in its drive to halt inflation.
Source: AKNewsNow - 🏆 460. / 53 Read more »
Stocks end rocky week with their 5th straight weekly declineThe stock market ended an unusually turbulent week with its fifth straight weekly decline
Source: WOKVNews - 🏆 247. / 63 Read more »
U.S. stocks open lower, extending Thursday's selloff as focus remains on stagflation risksU.S. stocks opened lower on Friday, extending Thursday's selloff which saw the Dow Jones Industrial Average and Nasdaq Composite Index book their worst daily drops since 2020. Why do you think the dems leaked this abortion Hoax?
Source: MarketWatch - 🏆 3. / 97 Read more »