Middle East conflict adds new risks to global economy maitlandmercury.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maitlandmercury.com.au Daily Mail and Mail on Sunday newspapers.
Oil traders face a changed world heading into the new week. With the sudden eruption of war in Israel, following surprise attacks by Hamas, fear and…
Fed interest-rate hike seen a lock for July streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Traders now see about a 20% chance of a rate hike in September and a 40% chance of one by November, after what is nearly universally expected to be a quarter-point increase at the U.S. central bank's late-July meeting. Before the Labor Department report, they had seen a nearly even chance that rates would get to a 5.5%-5.75% range by November. While that's not enough to dissuade the Fed a July rate hike, he said, an increase in September is "very much an open question."
The report, which showed employers hired 209,000 workers last month, is "consistent with steady and gradual slowing of the labor market," wrote III Capital Management s Karim Basta. While that s not enough to dissuade the Fed a July rate hike, he said, an increase in September is "very much an open question."