Big Jobs Report Keeps Fed Rate-Hike Door Wide Open Despite Sell-Off (Live Coverage)
Investor's Business Daily · JED GRAHAM ·
U.S. added 165,000 jobs last month, more than double expectations.
The October jobs report showed unexpectedly strong hiring last month, boosting prospects for a Federal Reserve tightening in December. The plunge in AI stocks that hit a crescendo on Thursday had lowered odds of a rate hike next month. As a result, the jobs report increased market interest rates at a volatile time for financial markets. The S&P 500 rose…
Big Jobs Report Keeps Fed Rate-Hike Door Wide Open Despite Sell-Off (Live Coverage)
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