Markets steady as weak jobs data eases Fed rate-hike bets

· Politics · United States

Asian shares rose and US stock futures were flat after softer US jobs data reduced pressure on the Federal Reserve to keep raising rates. Bond yields surged, though persistent inflation could still force a December hike.

Why it matters：The tug-of-war between softening jobs and sticky inflation will shape the Fed's next moves, with major consequences for global borrowing costs and equity markets.

Key points

  • Wall Street strategists are steering investors to cross-asset hedges.
  • Traders are on alert for contagion in Europe's government bond market.
  • AI stocks continue to draw money even as yields rise.

Sources (original reporting)

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