Reservations

The stock market is still searching for a bottom with the Fed 'far from finished' in driving down inflation

2 days ago   |   By Business Insider

Americans have plenty of savings and should keep spending, JPMorgan Asset Management has said. Justin Sullivan/Getty Images
US stocks will likely keep looking for a bottom in the bear market after July's massive job gains, LPL Financial said Friday.
The strong jobs report keeps the Fed on course in fighting inflation with more interest rate hikes.
The US economy added 528,000 jobs in July, well beyond expectations of 250,000 jobs.
July's blowout US jobs report indicates the Federal Reserve has further to run in raising interest rates to cool inflation, leaving the stock market vulnerable...
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