Jobs Report: Hiring Surge Keeps Door Open for Fed to Increase Rates.

Keywords: gfx-contrib; inflation; North America; United States; Monetary Policy; Interest Rates; Economic News; Political/General News; General Labor Issues; Content Types EN gfx-contrib inflation North America United States Monetary Policy Interest Rates Economic News Political/General News General Labor Issues Content Types N.PAG N.PAG 1 10/10/23 20231007 NES 231007 U.S. employers added more jobs than forecast last month, keeping door open for Fed rate increases Surging U.S. job growth shattered investors' expectations, the latest sign ofaccelerating economic momentum stoking a bond market selloff that is sending longer-term borrowing rates to new 16-year highs. The increase in yields since Fed officials' last meeting is equivalent to a quarter-percentage point rate increase in the Fed's short-term rate, she said. [Extracted from the article]