All eyes are on the May jobs report, which could lead the Federal Reserve to cut interest rates
A bad jobs report may be just what the stock market needs to keep rallying.
After Federal Reserve Chairman Jerome Powell hinted earlier this week that the Fed is open to cutting interest rates to keep the economy going, the Dow Jones Industrial Average has risen roughly 901 points on hopes of a new round of central-bank stimulus. Although Mr. Powell gave no timeline for when that would happen, some analysts say signs the labor market is weakening could nudge them to pull the trigger.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St. rises, helped by rate cut hopes, trade optimismWall Street's major indexes rose on Wednesday as investors bet on a Federal...
Read more »
Wall St. climbs as weak private jobs data boost rate cut hopesWall Street's major indexes rose on Wednesday as investors bet on a Federal...
Read more »
Stocks pull together back-to-back gains on Fed rate-cut hopesU.S. stocks ended solidly higher on Wednesday as investors battered by tariff threats took solace in rising expectations for easier monetary policy from the...
Read more »
Wall St. gains as weak private jobs data raises rate cut betsU.S. stocks rose on Wednesday as expectations of an interest rate cut by the Fed...
Read more »
ECB Raises Prospect of Rate Cut, Follows Fed LeadThe European Central Bank left interest rates unchanged but several officials raised the prospect of rate reductions, amplifying a global trend toward easier monetary policy to combat weaker growth.
Read more »
Fed Begins Debate on Whether to Cut Rate as Soon as JuneOne month ago, Federal Reserve Chairman Jerome Powell played down speculation of an interest-rate cut this summer. Now officials face a darker economic outlook, making such a move possible.
Read more »