" as the appropriate course of action for the Fed, as the impact of higher interest rates may only start to be felt in the spring.showed
the number of Americans filing new unemployment claims fell again last week, indicating continued strength in the labor market, while a separate report showed U.S. labor costs grew faster than initially thought in the fourth quarter. The 10-year yield was last up 6.7 basis points to 4.064%. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.4 basis points at 4.885% after earlier touching a fresh 15-year high at 4.944%.
Yield retreat is due to Fed 10 yr auction. Pain resumes by March 8th.
Recent data also suggests that inflation is cooling, but the job market seems to be running hot. How will the Fed respond to these mixed signals? We'd love to know!
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Stock market today: Dow shakes off higher rates as Fed's Bostic touts summer pause By Investing.com*WALL ST SHAKES OFF SOARING RATES TO END HIGHER AS FED'S BOSTIC TOUTS SUMMER PAUSE $DIA $SPY $QQQ Not a voting member Sei não, não teria falado isso Anything to keep the bulltards happy, but this won’t end well
Source: Investingcom - 🏆 450. / 53 Read more »
Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updatesStocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates. The Dow jumped 1.05%. The S&P 500 rose 0.76%. The Nasdaq gained 0.73%. Is this a joke? The FED may surprise you and hammer everyone. The entire world is slowing down. This is a huge set up for a massive tidal wave No, they rose because Bostic made a stupid statement, AFTER saying rates were going to have to go higher, he said 'possible pause end of summer', and off it went as the sheep and algos came to the feeding trough. Should be rules against the FED making comments every other day. Every single person who believes this completely wrong. We are in the era of Arthur burns policies. Until theFED does what’s right, which is raising the Fed funds rate, at least above the CPI rate we will be stuck in hyper inflation for a long time. need to raise 100-200bp now
Source: CNBC - 🏆 12. / 72 Read more »