Market backs off on hopes for interest rate cuts following strong jobs report

Beyond signaling a still-vibrant labor market, Friday's jobs report at the very least adds to the narrative that the Fed doesn't have to be in a rush to lower interest rates.

Beyond signaling a still-vibrant labor market, the data at the very least add to the narrative that the Fed doesn't have to be in a rush to lower interest rates. Asthe central bank's 2% target, there's scant evidence that higher rates are endangering broad metrics of economic growth. Moreover, the household survey, which is used to calculate the unemployment rate, showed a decrease in employment of 408,000 and a continuing trend of part-time employment far outpacing full-time positions.

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.

Stock Market Today: S&P 500 ends lower as Fed minutes flag inflation jittersStock Market Today: S&P 500 ends lower as Fed minutes flag inflation jitters
Source: Investingcom - 🏆 450. / 53 Read more »

Fed Chair Powell highlights strong US economy and labor marketFed Chair Powell highlights strong US economy and labor market
Source: Investingcom - 🏆 450. / 53 Read more »

NY Fed's Perli offers guideposts to measure market liquidity levelsNY Fed's Perli offers guideposts to measure market liquidity levels
Source: Investingcom - 🏆 450. / 53 Read more »

Fed's Goolsbee: Job market remains the strongest part of the economyPresident of the Federal Reserve (Fed) Bank of Chicago Austan Goolsbee noted on Thursday that housing inflation remains a key sticking point in price growth, and that the US labor market remains quite strong.
Source: FXStreetNews - 🏆 14. / 72 Read more »