jobs report

Jobs Slow, Unemployment Jumps to Four-Year High — Here’s What the Latest Labor Report Really Says

by
Jobs Report

Key Points Job growth came in at a seasonally adjusted 64,000 for the month, beating the Dow Jones forecast of 45,000 and marking an improvement from October’s sharp decline. The unemployment rate increased to 4.6%, above expectations and the highest reading since September 2021. A broader measure that includes discouraged workers and those working part-time … Read more

Markets on Edge: Will the Fed Really Pull the Trigger on Another Rate Cut This Week?

by
Fed

After weeks of uncertainty over whether the Federal Reserve will cut interest rates for the third time this year, the growing consensus is that the central bank is likely to move forward with a 25-basis-point cut on Wednesday — even if officials aren’t fully aligned. “This is a hard call,” said Alan Blinder, former Fed … Read more