U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is...
- U.S. job growth slowed more than expected in July, while the unemployment rate increased to 4.3%, which could heighten fears that the labor market is deteriorating and potentially making the economy vulnerable to a recession.
Traders bet that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, versus what was seen before the report as a 70% chance of a more usual quarter-point cut.STOCKS: S&P 500 E-minis extended losses and were down 1.69%BONDS: The yield on benchmark U.S. 10-year notes tumbled to 3.835%, the two-year note yield fell to 3.945% FOREX: The dollar index extended a loss to -0.
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