May Job Gains Disappoint Wall Street
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- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
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Goldman Pushes September Rate Hike Forecast Back To December
June 2, 2017 11:41 AM UTCFollowing Friday's slow down in Payroll growth and the decline in the Unemployment Rate to 4.3%, Goldman Sachs' Jan Hatzius makes some adjustments to his forecast and push back his expectation for a rate hike from the Fed to December.
June rate hike odds rise from 80% to 90%,Balance sheet... More