U.S. markets closed
  • S&P 500

    4,228.37
    -55.37 (-1.29%)
     
  • Dow 30

    33,706.15
    -292.89 (-0.86%)
     
  • Nasdaq

    12,705.21
    -260.13 (-2.01%)
     
  • Russell 2000

    1,957.13
    -43.60 (-2.18%)
     
  • Crude Oil

    90.07
    -0.43 (-0.48%)
     
  • Gold

    1,760.90
    -10.30 (-0.58%)
     
  • Silver

    18.97
    -0.49 (-2.54%)
     
  • EUR/USD

    1.0044
    -0.0048 (-0.47%)
     
  • 10-Yr Bond

    2.9890
    +0.1090 (+3.78%)
     
  • GBP/USD

    1.1833
    -0.0100 (-0.84%)
     
  • USD/JPY

    136.7770
    +0.9150 (+0.67%)
     
  • BTC-USD

    21,391.54
    -1,979.95 (-8.47%)
     
  • CMC Crypto 200

    508.83
    -32.77 (-6.05%)
     
  • FTSE 100

    7,550.37
    +8.52 (+0.11%)
     
  • Nikkei 225

    28,930.33
    -11.77 (-0.04%)
     

Job Boom Means There Is No Recession. It Also Boosts Pressure for Rate Hikes.

·4 min read
Job Boom Means There Is No Recession. It Also Boosts Pressure for Rate Hikes.

July unemployment rate, at 3.5%, equals pre-Covid low. Corporate borrowers rush bond offerings to market, indicating they see higher rates—not an economic downturn—in the future.