Shocking Stock Market News Today: Jobs Surge, Fed Tense
Stock market news today: U.S. payrolls jumped 162,000 in August, beating forecasts and raising fresh questions about a possible Fed rate hike.
Stock market news today: U.S. payrolls jumped 162,000 in August, beating forecasts and raising fresh questions about a possible Fed rate hike.
Mortgage news daily highlights July inflation data, easing rate hike odds and what the latest CPI report could mean for borrowers and homebuyers.
Current mortgage rates could hinge on July inflation as prices ease to 3.4%, while energy costs remain high and the Fed weighs future rate moves.
Market news turns sharply cautious as U.S. payrolls fall by 23,000 in July, unemployment dips to 4.1%, and weaker data reshape Federal Reserve expectations.
Finance shock: The U.S. economy unexpectedly lost 23,000 jobs in July as participation fell and markets reassessed the Federal Reserve’s next move.
The Dow Jones industrial average drops 464 points as oil rises, earnings split stocks and inflation fears grow before Friday’s jobs report is released.
Mortgage rates rose for a fifth straight week to 6.69%, their highest level in more than a year, adding costs and squeezing U.S. homebuyers as sales stay sluggish.
The Wall Street Journal market update: Dow sets a record as Nvidia rises, tech slips, Fed officials flag inflation risks, and oil watches Hormuz tensions.
Donald Trump faced significant Supreme Court rulings, gaining extensive presidential powers while suffering defeats on key policy issues.
In a surprising verdict, the Supreme Court rules Lisa Cook can stay at the Fed despite Trump’s dismissal attempt, marking a significant loss for the president.