Header and navigation menu

Page content

Morning Bid: Fed's Cook grilled again

Even though it allowed Wall Street stocks to clock another record high on Friday, the surprise drop in ​July U.S. payrolls didn't shift interest rate markets as much as the initial gasp might have suggested. Markets are ‌still pricing in a roughly 50-50 chance of a Federal Reserve rate rise next month, while Treasury yields ended only marginally lower on the day. [....]