- 59m ago
US economy adds 165,000 jobs in October, beating forecasts as unemployment falls to 4.1%
Hiring far exceeded the 65,000 forecast in a Bloomberg poll of analysts, and traders now price a roughly 71% chance of another Federal Reserve rate increase in December.
- Oct 1
Fed Vice Chair Jefferson sees no urgency for another rate rise before October meeting
Speaking at the University of Virginia, Philip Jefferson said policymakers require more time to assess incoming economic data, lowering market expectations for a rate increase at the October 27-28 policy meeting.
- Oct 1
US core PCE inflation cools to 3.0% as markets trim bets on October Fed rate hike
The core personal consumption expenditures price index rose 3.0% year-on-year in August, prompting traders to lower expectations of a Federal Reserve rate hike in October while diesel supply risks remain.