Ed Yardeni sees Fed pausing rate cuts for 2024 after jobs report
The Federal Reserveβs monetary-easing campaign for 2024 may already be over as the strong labor report Friday underscores the stubborn resilience of the worldβs largest economy, according to Wall Street veteran Ed Yardeni.Further policy easing would risk sparking inflation just as oil prices rebound and China seeks to jump start its economy, according to the…
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Global stocks plunge, bond prices rally as US data spooks
Surprisingly weak U.S. employment data on Friday stoked fears of a recession ahead, prompting investors to dump stocks and turn to safe-haven bonds. Treasury prices surged, sending yields to multi-month lows. Oil price benchmarks fell by more than $3 per barrel at their session lows. The U.S. dollar index dropped over 1% to its weakest…
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