US Economy Adds 431,000 New Jobs in March, Falling Short of Market Estimates
The U.S. economy added 431,000 new jobs in March, falling short of the market estimate of 490,000, according to new BLS data.
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The U.S. economy added 431,000 new jobs in March, falling short of the market estimate of 490,000, according to new BLS data.
Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.038 billion of outflows, up from $1.503 billion of outflows in the previous week.
For the first time since 2018, the Federal Reserve raised its benchmark interest rate by 25 basis points, increasing the target rate to 0.5 percent.
Bond investors are understandably cautious in response to recent market volatility and ahead of what is expected to be a Fed rate hike Wednesday, participants say.
The Federal Reserve is ready to raise interest rates and shrink the nearly $9 trillion balance sheet, minutes from last month’s FOMC meeting show.