Stocks are sliding as a stellar jobs report has tempered hopes for a cut to interest rates this month

Stocks slumped on Monday after a stellar US jobs report weighed on traders' hopes of a cut to interest rates this month. The US economy added 224,000 jobs last month, exceeding the 160,000 predicted by economists. "The Fed now has a tough job as to not cut would act like a de-facto tightening," one analyst said. View Markets Insider's homepage for more stories.

Stocks slumped on Monday after a stellar US jobs report weighed on traders' hopes of a cut to interest rates this month. The US economy added 224,000 jobs last month, exceeding the 160,000 predicted by economists. "The Fed now has a tough job as to not cut would act like a de-facto tightening," one analyst said. View Markets Insider's homepage for more stories.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Global Stocks Fall as U.S. Rate-Cut Prospects RecedeShare indexes fell on Monday, as the strength of the U.S. labor market prompted investors to reconsider how far and how fast the Federal Reserve might cut interest rates. How come all the random sell offs even gold & bitcoin Had treasury asset seizure list go up? Anyone ever figure out what Trump’s doing with the TRILLIONS seized & Sold already? Did We Keep The hard gold, sell the paper & FLIPPING THE “FED”? TRILLIONS & TRILLIONS just POOF🤑
Source: WSJ - 🏆 98. / 63 Read more »