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The Latest Breaking News from Jobs Report

Fed chair Jerome Powell says slowing inflation will likely "be bumpy"

Powell did not signal that the hot jobs report would prompt the Fed to act more aggressively than previously thought.

Axios

Fed Chair Powell sees 'significant' inflation drop in 2023

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

The Independent UK

The blowout jobs report could have just changed the whole year for markets, according to Goldman’s chief economist

Robust job growth is great news for the economy, but really changes the Fed’s plans.

Fortune

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Asian bourses advance but SET could see volatility

RECAP: Most Asian stock markets rose yesterday while currencies fell against a firmer US dollar, as investors awaited a key US jobs report for more clues about interest rates after mixed signals from global central banks.

Bangkok Post

January’s ‘eye-popping’ jobs report is going to make the Fed’s inflation battle even harder

“Unless this labor market strength turns out to be a one-month blip…the Fed is likely to dig in and keep rates higher for longer,” BMO Wealth Management’s chief investment strategist, Yung-Yu Ma, said.

Fortune

Asian shares trade mixed ahead of US jobs report

Asian shares are trading mixed ahead of a closely watched U.S. jobs report that may affect global interest rates

The Independent UK

As Teamsters push better deal, UPS touts pay, career development

As it faces criticism from the Teamsters union ahead of what are expected to be tough labor contract talks this year, UPS issued a jobs report Wednesday touting its wages and ways workers can build a career within the company.

Tribune News Service

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3 High-Yield Dividend Stocks to Buy in a Sea of Market Volatility

The latest jobs report indicated that the Fed’s aggressive rate hikes have begun to yield results, but they still have a long way to go. With the market likely to be choppy in the near term, investors could invest in high-yield dividend stocks Gilead Sciences (GILD), KT Corp. (KT), and…

StockNews.com

Fed gets ‘Goldilocks’ in jobs report: Slower wage growth, solid hiring

Hopes the Federal Reserve can tame inflation without widespread job losses mounted Friday after a government report showed robust hiring and a historically low unemployment rate paired with a cooling in wage growth.

Tribune News Service

Another strong month of hiring would put Fed in tough spot

The jobs report the government will issue Friday is expected to show that December was another healthy month for hiring — a boon for those looking for work but a problem for the Federal Reserve if it persists

The Independent UK

Top economist Mohamed El-Erian says the Fed is still doing ‘too little, too late’ and warns there are ‘clouds on the horizon’

“Inflation remains a problem. Yes, it’s coming down, but it’s not coming down fast enough,” economist Mohamed El-Erian warned over the weekend, pointing to the stronger-than-expected jobs report as evidence.

Fortune

Bank of America CEO says the latest jobs report supports his prediction of a 'mild' recession

“The belief was when the Fed started raising rates that there would be an immediate snap to the economy,” Brian Moynihan said. “That didn't happen.”

Fortune

'Two steps forward, one step back': Experts weigh in on November’s jobs report and Powell's big inflation challenge

Persistent wage growth and a low unemployment rate may be great for Americans, but they're making the Fed's inflation fight that much more challenging.

Fortune

Fed's Kashkari: Jobs report shows why more rate hikes needed

The solid U.S. jobs report for October underscores why the Federal Reserve needs to keep raising interest rates higher than it had previously forecast to control inflation, says Neel Kashkari, president of the Federal Reserve Bank of Minneapolis

The Independent UK

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Benzinga

'Position For A Recovery In The Stock Market': 8 Experts React To October Jobs Report, What It Means For The Fed

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday after the Labor Department reported strong U.S. jobs market numbers from October.

StockNews.com

Which Breaks First…Inflation or the Economy?

The market bounce has fizzled and we are now, once again, back to last week's lows. The impetus for this sharp move lower was the stronger than expected jobs report which dashed hopes of an imminent 'Fed pivot' due to a weak jobs report. Until we see a meaningful and…

Evening Standard

FTSE 100 Live: BoE doubles down on bond buys, Treasury brings forward tax plans, shares fall

The Bank of England today doubled down on its emergency bond buying scheme, saying it would purchase up to £10 billion a day and the Treasury brought forward the date of its next tax plan announcement -- to Halloween.

StockNews.com

Why Q3 Earnings Season Will Majorly Impact Where the Market Heads Next…

In last week's commentary, we discussed the importance of the mid-June lows for the S&P 500 (SPY) and the possibility of an undercut and then a rebound. In many ways, this is exactly what markets do -> frustrate the maximum amount of bulls and bears. Certainly, the bears were ebullient…

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Bangkok Post

Asian shares fall as rate fears return

RECAP: Asian markets fell yesterday as optimism that had fuelled earlier buying gave way to nervousness ahead of a US jobs report that could determine Federal Reserve rate hike plans.

Benzinga

S&P 500 Gives Up Early Week Gains Following Latest Jobs Report: Is A Recession Looming?

After a strong two-day rally to start October, the SPDR S&P 500 ETF Trust (NYSE: SPY) gave up some of its gains on Friday following a mixed U.S. jobs report.

The Independent UK

What Friday's jobs report means for Fed's inflation fight

For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose

Benzinga

'Begin Preparing For A Recession': 8 Experts React To Jobs Report, Stock Market Sell-Off

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September.

Axios

September's jobs report is still not fit for Goldilocks

We're at a moment in which small changes in the data could have an outsized effect on the Federal Reserve's policy fulcrum.

The Independent UK

US economy adds 263,000 jobs in September

The positive jobs report could be a sign that recent interest rate increases haven’t caused businesses to slow hiring

Benzinga

Nasdaq, S&P Futures Show Indecision Ahead Of Jobs Data — AMD, Peers, Credit Suisse, Cannabis Stocks In Focus

U.S. stocks are poised to open mixed on Friday, although sentiment could change markedly following the release of the September jobs report. Tech stocks could underperform in the session, weighed down by a couple of high-profile tech warnings.

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