BofA bets on a potential Fed rate hike
After hotter-than-expected jobs report, Fed funds futures show higher chance of Fed pausing rate cuts next few months
Friday’s hotter than expected jobs report spurred traders in the federal-funds futures markets to price in a higher probability that the Federal Reserve will maintain its benchmark interest rate at the current level over the next few months.
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
Before the strong December jobs report was released, the odds were already low for an interest rate cut in the next Federal ...
Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut ...
Soaring payroll growth and low unemployment in December are more than likely to keep the Federal Reserve from cutti ...
Federal Reserve Bank of Kansas City President Jeff Schmid said he favors slowing the pace of interest-rate cuts and only ...
NBC News' Angie Lassman discusses the latest weather conditions in Los Angeles as five wildfires continue to scorch the area.
The dollar rallied as U.S. December payrolls blew past the consensus estimate. The data raise the risk of the euro falling to parity against the dollar as early as this month, Monex said.
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