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Stock Market Faces Inflation Test as Oil Prices Surge and Jobs Data Beats Forecasts
TLDR August jobs report showed 162,000 jobs created, far above economist expectations, but stocks still fell on rate hike fears S&P 500 dipped 0.5% Friday, ending the week flat; Dow fell 0.7% Odds of a Fed rate hike on September 16 rose to 58-60% after the payrolls report Brent crude rose nearly...
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1 Articles
Stock Market Faces Inflation Test as Oil Prices Surge and Jobs Data Beats Forecasts
TLDR August jobs report showed 162,000 jobs created, far above economist expectations, but stocks still fell on rate hike fears S&P 500 dipped 0.5% Friday, ending the week flat; Dow fell 0.7% Odds of a Fed rate hike on September 16 rose to 58-60% after the payrolls report Brent crude rose nearly...
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