Labor market showing cracks, but not enough to sway Fed: Strategist

📆 04/10/2023 17:57:00
📰 YahooFinanceCA

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Ahead of the September jobs report on Friday, October 6, Envestnet Co-CIO Dana D'Auria joins Yahoo Finance Live to discuss what recent employment data may mean for the future of Federal Reserve rate hikes. “It does seem that we’re getting some mixed signals on employment,” amid the ADP and JOLTS report, D'Auria says. “The high level takeaway is… we are starting to see some cracks in the labor market.” But, “overall, the labor market still hasn’t shown the kind of cracks that I think would prevent the Fed from looking at another rate hike,” D'Auria adds. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

In a deeply personal revelation, Victoria Beckham spoke out about the emotional turmoil following allegations surrounding her husband’s alleged affair. See what she said.Early into the 2023-24 minor hockey season, many players and their parents are getting adjusted to a new policy from Hockey Canada. This season, all minor hockey players are being encouraged to wear the base layer they wear under their equipment to the arena.

NEW YORK — A New York judge sternly imposed a limited gag order in Donald Trump's civil business fraud trial Tuesday after the former president disparaged a key court staffer. Interrupting a long day of testimony, Judge Arthur Engoron issued the order, which applies to all parties in the case and pertains to verbal attacks on court staff. It came after Trump maligned Engoron’s principal law clerk, Allison Greenfield, in a social media post.

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Good economic news translating 'into bad market results': StrategistThe U.S. labor market has been constantly at odds with the Fed's monetary policy and goals to contain inflation. 'Even by the Fed's own estimates, according to their summary of economic projections, they believe the unemployment rate's going to increase to 4.1% by the end of this year,' Hennion & Walsh CIO Kevin Mahn tells Yahoo Finance Live, breaking down the economic trade-offs resulting from the Fed's 'higher for longer' interest rate projections. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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