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Strong US jobs report fuels rate hike fears, stocks slide

A blowout August jobs report showing 162,000 new jobs added sent stocks and bonds lower as traders increased bets on a Federal Reserve rate hike. The strong labor data raised concerns that the Fed may need to tighten policy further.

4 Sept, 03:34 — 4 Sept, 15:23
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Sources

Showing 5 of 6 sources
bloombergHigh1h ago

Stocks Fall as Blowout Jobs Report Fuels Rate Hike Bets

Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)

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CNNMostly Factual8h ago

What to expect from the jobs report today - CNN

What to expect from the jobs report today  CNN

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straits-timesMostly Factual13h ago

Asia stocks rise as Fed hike odds ease; Singapore hits record high - The Straits Times

Asia stocks rise as Fed hike odds ease; Singapore hits record high  The Straits Times

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Daily SabahMixed3h ago

US job market surprises in potential boon to Trump ahead of midterms

U.S. job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, suggesting an improvement in the labor market after recent struggles and ⁠keeping an...

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zerohedgeLow4h ago

'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold

'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold A four standard deviation beat for non-farm payrolls this morning (good news) is triggering ugly reactions (bad news) across markets with rate-hike odds for September ripping back up near recent highs (despite no signs of inflationary wage growth - in fact it is slowing)... Audrey Childe-Freeman, Bloomberg Intelligence’s chief FX strategist: “The strength in the latest NFP report...

By Tyler Durden

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