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Wall St Climbs As Jobless Claims Rise, Payrolls Data In focus

Wall Street’s main indexes rose on Thursday after a jump in weekly jobless claims eased some concerns about sharper rate hikes as investors geared up for a key jobs report that could determine the Fed’s future monetary policy path. The jobless claims report comes on the heels of a string of recent data that had indicated a tight labor market which, along with hawkish remarks by Federal Reserve Chair Jerome Powell, had exacerbated concerns that the central bank could shift to more aggressive rate... Read More

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Posted: Mar 9 2023, 16:06

Author Name: vladimirribakov

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