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Stocks and Bonds Fall as Jobs Fuel Fed-Hike Bets

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Wall Street’s historic weekly run is poised to come to a halt, with stocks and bonds falling after a solid jobs report added to speculation the Federal Reserve’s next interest-rate move will be a hike. Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research at Charles Schwab, discusses the equity reaction to May jobs.

Wall Street’s historic weekly run is poised to come to a halt, with stocks and bonds falling after a solid jobs report added to speculation the Federal Reserve’s next interest-rate move will be a hike. Kevin Gordon, Head of Macro Research and Strategy for the Schwab Center for Financial Research at Charles Schwab, discusses the equity reaction to May jobs. (Source: Bloomberg)
Bonds Fall (ORG) the Federal Reserve’s (ORG) Kevin Gordon (PERSON) Macro Research and Strategy (ORG) the Schwab Center for Financial Research (ORG) Charles Schwab (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →