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Jennifer Sor
03 Dec 2022, 03:58

US stocks finish mixed amid fears of more Fed hawkishness after hot jobs report

US stocks finish mixed amid fears of more Fed hawkishness after hot jobs report

US stocks finish mixed amid fears of more Fed hawkishness after hot jobs report

JPMorgan Asset Management's David Kelly said the jobs report was likely distorted, and there's still plenty of room for the Fed to taper rate hikes.

The jobs report was likely distorted and there's plenty of room for the Fed to taper rate rate hikes and pause in the first quarter of 2023, JPMorgan Asset Management chief strategist says
Jennifer Sor
03 Dec 2022, 00:02

The jobs report was likely distorted and there's plenty of room for the Fed to taper rate rate hikes and pause in the first quarter of 2023, JPMorgan Asset Management chief strategist says

"The Federal Reserve will ultimately have plenty of excuse to taper down the rate hikes and pause them in the first quarter of next year."

EU sanctions on Russian oil take effect on Monday - here's what to expect and why the price cap may not yield any real results
Brian Evans
03 Dec 2022, 00:00

EU sanctions on Russian oil take effect on Monday - here's what to expect and why the price cap may not yield any real results

About 2.4 million barrels of Russian oil that once flowed to the EU per day will have to find a new destination.