The Market Is Rethinking That Disastrous Jobs Report
From businessinsider.com
Markets are already acting as if the bad jobs numbers released Friday may have been just noise, and that the economy is still doing fine. Already we're seeing interest rates rise again, and other markets continue to bet that the Fed will move toward tightening. Treasuries are falling and interests rates are rising this morning as investors sell bonds in the wake of the release of two better-than-expected economic data points: the New York Fed's Empire State Manufacturing Activity Index, and December producer prices. The Empire State index surged to 12.51 from December's 0.98 reading, and sub-components of the index ...
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