WASHINGTON, Oct 7 ― US stocks fell while the dollar and Treasury yields jumped yesterday as Federal Reserve officials showed little sign of backing away from interest rate hikes ahead of today's monthly US jobs report.
For their part, Fed officials' remarks have undercut any fledgling hope the central bank may be preparing to step away from ongoing rate hikes. Yesterday, the US Labour Department reported initial claims for jobless benefits came in at 219,000 for the week ended October 1, exceeding economist expectations of 203,000.