Shares of banks and other financial institutions ticked down amid trepidation about the U.S. economy.
The surprising loss of jobs in July could complicate the Federal Reserve's plans if inflation remains elevated, economists warned.
While markets initially embraced the data as striking a balance between growth and inflation, stagflation -- where unemployment and prices rise simultaneously -- is another possible outcome.
Two months after he was blocked by the Supreme Court, President Donald Trump has resumed his effort to oust Federal Reserve governor Lisa Cook, with the White House sending her attorneys a letter asking her to respond to allegations she made false statements on mortgage applications for several of her homes.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.