US Stocks Rise as Weak Jobs Report Eases Rate-Hike Worries

businessinsider.com

US stocks rose Friday despite a dismal July jobs report, as investors bet the weak labor market would deter the Federal Reserve from raising interest rates. Payrolls fell by 23,000 versus expectations of 85,000 gains, with May and June figures also revised down sharply. Rate-hike odds for year-end dropped to 75% from 85%, and Treasury yields fell. Still, the data raises recession concerns amid elevated inflation and tariff impacts. Investors now await July inflation figures and GDP estimates, which could quickly revive rate-hike fears.


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