Stocks slide as strong data suggests Fed has difficult fight ahead against inflation

Stocks closed broadly lower on Wall Street and Treasury yields rose Monday after surprisingly strong economic reports highlighted the Federal Reserve’s difficult fight against inflation. The S&P 500 fell 73 points, or 1.8%, to 3,999 — its third straight drop. The slide more than offset the index’s gains last week. The Dow Jones Industrial Average … Read more

Stocks fall with another interest rate hike expected from Federal Reserve

Stocks fall with another interest rate hike expected from Federal Reserve – CBS News Watch CBS News The Dow plunged over 480 points Monday as investors remain fearful the Federal Reserve could drive the economy into a recession with additional interest rate hikes. Dory Wiley, president and CEO of Commerce Street Holdings, joined CBS News’ … Read more

Strong job numbers report could signal additional rate hikes from Federal Reserve

Strong job numbers report could signal additional rate hikes from Federal Reserve – CBS News Watch CBS News With the Labor Department on Friday reporting stronger November job numbers than expected, the Federal Reserve could react with yet another interest rate hike in an effort to curb inflation. Skyler Henry has the details. Be the … Read more

12/2: CBS News Weekender

12/2: CBS News Weekender – CBS News Watch CBS News Catherine Herridge reports on possible Jan. 6 criminal referrals, end-of-year financial mistakes, and the significance of Prince William and Princess Kate’s visit to the U.S. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On … Read more

Surprising November jobs report shows strong hiring

Surprising November jobs report shows strong hiring – CBS News Watch CBS News The Labor Department’s November jobs report showed the U.S. gained 263,000 jobs last month. But fears about inflation and a possible recession remain. Meg Oliver reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. … Read more

Investors fear further rate hikes after strong November jobs report

Investors fear further rate hikes after strong November jobs report – CBS News Watch CBS News The U.S. added more than 260,000 jobs in November despite the Federal Reserve’s efforts to cool off the economy by raising interest rates. J.D. Durkin, host of “TheStreet,” joins CBS News from the floor of the New York Stock … Read more

U.S. adds 263,000 new jobs in November, unemployment steady at 3.7%

U.S. adds 263,000 new jobs in November, unemployment steady at 3.7% – CBS News Watch CBS News CBS News contributor Javier E. David joined Vladimir Duthiers and Anne-Marie Green with a look at the November jobs report and what it shows about the U.S. labor market as rising interest rates start to bite. Be the … Read more