Wall St dives as jobs data fans rate worries, Treasury yields spike
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo
Cleveland Fed leader Loretta Mester noted the potential for another rate hike in November if the current state of the economy holds, while Atlanta President Raphael Bostic said it will likely be a long time until rate cuts arrive. "We do have potentially one more Fed rate hike coming at the tail end of this year,"said Jason Pride, chief of investment strategy and research at Glenmede in Philadelphia,"Any strength in the jobs market can push us in that direction and strengthen CPI."
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