Stock market news today: Blockbuster jobs report suggests hawkish Fed

US stocks fell on Friday after a blockbuster January jobs report suggested the Federal Reserve will continue to be hawkish with more interest rate hikes.

The US economy added 517,000 jobs in January, more than double the estimate of 188,000. The unemployment rate fell to 3.4%, representing the lowest level in 54 years. The continued strength of the labor market could be a hindrance to Fed Chairman Jerome Powell's quest to tame inflation, as a tight labor market often leads to higher wage gains. After the jobs report, the chances of further interest rate hikes in March and May increased significantly, according to the

This mfer said “fall” 🤡

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Slips 150 Points Post-Fed; Meta Stock SurgesThe Nasdaq is up 3% midday as tech shares lead a post-Fed rally. Earnings results from Apple, Alphabet and Amazon are due after the bell.
Source: WSJ - 🏆 98. / 63 Read more »

The Fed raises interest rates: Here's what that means for the stock marketU.S. stocks and bonds rallied on Wednesday, much to the chagrin of traders who had ramped up bearish bets on the expectation that Federal Reserve Chairman...
Source: MarketWatch - 🏆 3. / 97 Read more »

Asian Stock Market: Gains seem restrictive despite Fed’s smaller rate hike and subdued oil priceMarkets in the Asian domain are moderately positive on Thursday as the Federal Reserve (Fed) announced a smaller interest rate hike to keep its moneta
Source: FXStreetNews - 🏆 14. / 72 Read more »