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Further Fed rate hike comes into view as job growth soars

Implied yields on contracts tied to the Fed policy rate pointed to a nearly 50% chance the Fed will lift the benchmark short-term borrowing rate a quarter of a percentage point to the 5.50%-5.75% range at its December meeting. Before the jobs report, traders had given a quarter-point rate hike then about a 34% chance. The report, expected to show non-farm payrolls increased by 170,000 in September but in fact showing employers added 336,000 jobs, also had traders paring bets on Fed rate cuts n...
Lucia Mutikani Christina Fincher Sinead Carew Ingalls Snyder Ann Saphir Tim Ghriskey
Source: yahoo.com

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Microsoft Eyes Apple's Spot as World's Largest Stock

(Bloomberg) -- Microsoft Corp. is narrowing the gap with Apple Inc. in the stock market as investors see better growth and far less China risk in the software giant.Most Read from BloombergF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingHow Auto Executives Misread the UAW Ahead of Historic StrikeThe Redmond, Washington-based company’s share...
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Source: yahoo.com

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