Science
Stocks and Bonds Fall as Jobs Fuel Fed-Hike Bets
Key Points
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)