Hot U.S. jobs report lifts rate-hike odds, memory stocks rise 4%
Micron and SanDisk rose even after a stronger-than-expected U.S. August jobs report lifted Treasury yields and pushed September Fed hike odds above 50% on Polymarket.
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U.S. Treasury yields rise after August jobs gain
A hotter-than-expected August Labor Department jobs report led traders to boost bets on a Federal Reserve rate increase this month, pushing U.S. Treasury yields higher and weighing on stocks and bond prices.
August jobs report could tip Fed toward a September hike
Friday's August employment report may decide whether the Fed pauses or raises rates on Sept. 16, with CME FedWatch pricing a 50-50 split. Economists expect 56,000 jobs added, unemployment at 4.1% and hourly earnings up 0.3% month on month.
US stock futures steady as oil climbs and yields rise
US stock futures steadied after a sour start to the week, with renewed Middle East conflict lifting oil prices. Higher energy costs increased inflation concerns, supporting expectations for a September Fed rate hike and sending Treasury yields higher.