Predictions that the Fed will cut 50 bps at its next meeting have vanished The U.S. job market has risen from the grave with monstrous growth-some 254,000 jobs emerged from the shadows in September, far exceeding the predictions of economists. Restaurants, retail stores, and construction sites are teeming with new hires, while wages have risen, ...The post October 10, 2024 - The U.S. job market showed monstrous growth in September, exceeding expectations and boosting worker wages despite some sectors lagging and uncertainty surrounding the upcoming election. So far in October, rising bond yields have largely been ignored by investors. And, companies will soon release their third-quarter results, so we will learn if we get tricks or treats. first appeared on Philadelphia Wealth & Asset Management, Registered Investment Advisors.
