US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor market is weaker than previously thought after surprising strength earlier this year.
US Treasuries rallied after data showed employers unexpectedly cut jobs in July, suggesting labor market challenges that could impact the Federal Reserve’s willingness to raise interest rates.
Attempt comes after Supreme Court ruled in June that policymaker could remain in her position while case is resolved
Two months after he was blocked by the Supreme Court, President Donald Trump has resumed his effort to oust Federal Reserve governor Lisa Cook as part of an effort to stack the central bank’s board with more allies.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)
A weaker-than-expected jobs report has stock rebounding on speculation the Fed may not have to hike rates soon. Bloomberg's Mike McKee and Deutsche Bank Chief US Economist Matthew Luzzetti break down Friday's jobs numbers, including how an aging population are reshaping the econo…
Gold was on track for its biggest gain in more than six months as dip-buyers supported prices above a key technical level while looking past flare-ups in the Strait of Hormuz that risked adding to energy-led inflation.
