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Jobs Report Shifts Fed Rate Hike Odds | US News
Stocks surged Thursday as a surprisingly weak June jobs report cooled inflation fears and raised hopes the Fed may pause rate hikes—job growth hit just 57K vs. 110K expected, keeping unemployment steady at 4.2%, slashing odds of another hike this year from 75.6% to near zero. While some question the data’s accuracy due to the World Cup, futures for major indices including the Russell 2000 and chip stocks like SanDisk and Arm rose, signaling market optimism that the Fed’s tightening cycle might be over—until next month’s inflation report confirms the trend. Listen in comfort:Get a discount on…
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