Investors were cautiously optimistic this morning ahead of the release of October payroll numbers. We’ll get a glimpse of how the labor market is reacting to the removal of pandemic benefits. October was the first full month of hiring since federal enhanced unemployment benefits expired in September. ...
Stocks ticked higher this morning after snapping a multi-day losing streak yesterday. The rebound came after Fed Chairman Jerome Powell reaffirmed the central bank’s commitment to keeping inflation in check. The market seemed ready to add to yesterday’s gains in early trading this morning.
After logging two positive weeks in a row, stocks slipped last week, extending 2022’s shaky start. The market took a hit after CPI data revealed that inflation accelerated at a 7.5% annual rate in January, exceeding expectations. That figure was the highest since 1982, above December’s 7%...
