👉 General Market Update: U.S. stocks rose Friday but finished the week with losses after the monthly jobs report did little to shift expectations for continued interest-rate increases from the Federal Reserve. Stocks have come under pressure in recent days as central banks, including the Fed and the Bank of England, aggressively raise interest rates to combat inflation. Fed Chairman Jerome Powell signaled this week that officials might raise borrowing costs next year more than they had projected.
Market Commentary - EOW 44
Market Commentary - EOW 44
Market Commentary - EOW 44
👉 General Market Update: U.S. stocks rose Friday but finished the week with losses after the monthly jobs report did little to shift expectations for continued interest-rate increases from the Federal Reserve. Stocks have come under pressure in recent days as central banks, including the Fed and the Bank of England, aggressively raise interest rates to combat inflation. Fed Chairman Jerome Powell signaled this week that officials might raise borrowing costs next year more than they had projected.