S&P 500 Rises as Fed Rate Hike Bets Plunge
The S&P 500 climbed Thursday as investors sharply reduced expectations for another Federal Reserve rate hike this month following a weaker-than-expected September jobs report.
The S&P 500 climbed Thursday as investors sharply reduced expectations for another Federal Reserve rate hike this month after a weaker-than-expected September jobs report. The move matters because markets are increasingly treating softer labor data as evidence that the Fed may have less reason to t…