Jobless Claims Near 57-Year Low: Why Low Layoffs Keep Rates High
Layoff headlines are everywhere, yet U.S. jobless claims just fell to 194,000, near a 57-year low. The catch: hiring is stalled, and a job market that isn't firing gives the Fed room to keep fighting inflation. Here's what that means for your mortgage, your credit card, and your business loan, and what to watch when the Fed decides on October 28.
The Jobs Report Missed Badly and Stocks Rallied: Decoding the "Bad News Is Good News" Trade
Employers added just 29,000 jobs in September, far below forecasts, and the prior 2 months were revised down by 60,000. Stocks rallied anyway. The reason is a rate-hike repricing that only works inside a narrow band: soft enough to stay the Fed's hand, not soft enough to threaten earnings. Here's how that band works, and why the October 14 CPI report could break it.