Subscribe

Fed seen leaning toward another rate hike after big jobs gain

'The acceleration in growth justifies higher rates and hawks will remain concerned about backsliding on progress made on inflation,' says an economist.

A hotter-than-expected jobs report will likely nudge the Federal Reserve toward raising interest rates again by the end of the year.

Nonfarm payrolls increased 336,000 last month after sizable upward revisions to the prior two months, a Bureau of Labor Statistics report showed Friday. The un

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

JPMorgan unveils AI training push for new hires

The transformational technology has permeated the firm and helped cut “no joy work,” says asset and wealth management head.

Stocks waiver, metals gain as markets digest Middle East news

Iran's president has died in a helicopter crash.

Morgan Stanley’s prominent bear turns bullish on US stocks

Michael Wilson's gloomy 2023 outlook has not materialized.

EM corporate bonds compensation at six-year low

But investors remain committed to the strategy with optimism.

Copper at $11K record high, why is the metal surging?

A long-term warning of shortages may now be realised.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print