The Latest Breaking News from US Federal Reserve

WASHINGTON: A strong August jobs report means the US Federal Reserve will continue to aggressively raise interest rates, though a surge in the labour force could give central bankers the option to back off a little if they choose.

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

U.S. employers added a healthy number of jobs in August and a steady stream of people entering the workforce lifted the unemployment rate, suggesting some easing in the tight labor market and offering mixed implications for the Federal Reserve.

Employers continue to hire workers at a robust pace, even as the Federal Reserve raises interest to crush inflation.

Numbers come as Jerome Powell says Federal Reserve intends to continue interest rate hikes to try to tamp down inflation

Asian stock markets are lower ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation

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The stock market has witnessed a sell-off lately on concerns over the Fed’s potential interest rate hikes. However, experts believe staying invested and avoiding short-term decisions could be wise. Fundamentally sound penny stocks Overseas Shipholding (OSG), Hill International (HIL), and ARC Document (ARC) might help garner substantial returns. Read more.

Market volatility is widespread due to increasing odds of a recession amid the persistently high inflation and consecutive interest rate hikes by the Fed. Traders are betting on another aggressive hike this month as the Fed stays determined to bring inflation under control. Thus, we think investors should invest in…

Raging inflation has so scrambled the economy that it’s come to this: If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve — and even the White House — would likely welcome it