Key Highlights: U.S. nonfarm payrolls surged by 165,000 in October, substantially beating the projected 65,000 additions, while September gains were revised up to 60,000. The nationwide unemployment rate ticked down to 4.1%, accompanied by stronger-than-expected average hourly wage growth of 0.4% month-over-month. Treasury yields climbed as market participants reassessed Federal Reserve monetary policy odds ahead ...
Key Highlights The Federal Reserve signaled ongoing economic resilience, projecting third-quarter GDP growth could exceed 3% alongside strong capital investment. Fed Chairman Kevin Warsh addressed inflation dynamics, reaffirming a strict 2% PCE price stability target under a “new monetary therapy.” Significant structural changes to the FOMC meeting and voting schedule were outlined for upcoming years, ...
10-Year Treasury Yield Hits 5%: Borrowing Costs Surge to Highest Level Since 2007 The 10-year U.S. Treasury yield climbed to 5% on Monday, reaching a critical threshold briefly touched in 2023 and otherwise unseen since 2007. This move in the key benchmark signals higher borrowing costs for Americans seeking mortgages, auto loans, and other credit. ...