GLOBAL MARKETS-Easing concerns about U.S. economy lift equity markets
The unemployment rate in the world's largest economy fell to a 50-year low in September, helping ease worries that the United States was on a path to recession after weak data earlier this week showed a slowdown in U.S. manufacturing and services. The string of weak data had sharply raised market expectations of additional interest rate cuts by the Federal Reserve. Bond yields were little changed, suggesting that investors remain concerned about the U.S. economy.
Published:10/4/2019 10:23:48 AM