Stock Market Falls After Hawkish Warsh Speech; Nvidia Reverses, Jobs Report Due

Why it matters

Fed Chair Warsh's hawkish speech has materially shifted market expectations for upcoming rate hikes, causing a notable stock market decline and impacting credit conditions; this is highly relevant for credit professionals ahead of the key jobs report that will further influence monetary policy outlook.

Sources

• Investor's Business Daily

  Stock Market Falls After Hawkish Warsh Speech; Nvidia Reverses, Jobs Report Due

  The stock market, including the Dow Jones index, fell after a hawkish speech from Fed Chair Kevin Warsh. Nvidia stock skidded. The latest jobs report looms. The post Stock Market Falls After Hawkish Warsh Speech; Nvidia Reverses, Jobs Report Due appeared first on Investor's…

• Yahoo Finance

  Stock Index Futures Slip as Bond Yields Surge, U.S. JOLTS Report in Focus

• Scotsman Guide

  Job opening rise in July on weaker hiring gains

  Unemployment has remained low, with an all-important August jobs report due Friday The post Job opening rise in July on weaker hiring gains appeared first on Scotsman Guide .

• ABA Banking Journal

  ADP: 38,000 jobs added in August

  The non-farm private sector added 38,000 jobs in August, and annual pay was up 4.7% year-over-year, according to the ADP National Employment Report. This follows an upwardly revised July report of 46,000 from 44,000.Small businesses with fewer than 50 added 3,000 jobs.…