US Jobs Data Boosts Rate Cut Hopes but Stocks Slide

US jobs data boosts rate cut hopes but stocks slide

Weak US jobs data cemented expectations of an interest rate cut later this month on Friday but stocks slid on worries about the economic outlook and profit-taking.

US bonds rally after weak jobs data cements rate cut

US stocks slipped as investors interpreted the data as a sign that the Fed has fallen behind in its role to helping to keep the economy steady.

Stocks Rise.. Dollar Falls after US Jobs Report Shock

Official data revealed that the US economy added only 22,000 jobs in August, compared to 79,000 in July, a much lower number than analysts’ expectations of 77,000. This disappointing report has led markets to price in a larger interest rate cut, after they had previously anticipated only a quarter-point reduction.

Weak Payrolls Data Cements Fed Cut Hopes - Archer Financial Services

STOCK INDEX FUTURES Stock index futures are mixed, with the S&P and Nasdaq leading gains... The post Weak Payrolls Data Cements Fed Cut Hopes appeared first on Archer Financial Services.

Stocks rise, dollar drops as US jobs data boosts rate cut hopes

Stocks rose and the dollar slid Friday as a sharp slowdown in US hiring cemented expectations that the US Federal Reserve will resume cutting interest rates later this month.