When good news is bad news for the market

Stocks plunged Friday after the latest government data showed a hot U.S. labor market that likely ends any doubt that the Federal Reserve will maintain its aggressive policy of raising interest rates by 75 basis points later this month. Nonfarm payrolls increased...

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Brace for impact as layoffs begin

In response to the continued hawkish position of the Fed and their desire to slow down the economy, the first signs of material cracks in the economy started to show as a series of companies began to trim their workforce - JP Morgan to lay off 1000 workers, Compass to...

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A Pavlovian Response to the Fed

U.S. stocks rallied on Friday and major indexes snapped a three-week losing streak as investors continue to factor in the expectation for higher interest rates just around the corner. All 11 sectors in the S&P 500 closed in the green for the week, with the...

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The Job market is fighting the Fed

Hiring slowed sharply in August but remained sturdy as employers added 315,000 jobs despite softer consumer spending gains, rising interest rates and a sputtering economy. The unemployment rate rose from 3.5% to 3.7%. In his speech at an annual symposium in Jackson...

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What the Fed wants, the Fed gets

Chairman Jerome Powell, in highly anticipated remarks from the annual Jackson Hole policy meeting, said in no uncertain terms that interest rates will keep rising and aren't likely to come down soon. But that's where the certainty ended. The size of a September rate...

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