 report, a monthly measure of US workers in manufacturing, construction and goods. 'Unless the NFP report comes in lower than expected, Wall Street will likely start to fully price in at least one more Fed rate hike before the end of the year,' Ed Moya, senior market analyst for the Americas at Oand){kind=link}
Unexpected rise in US job openings sparks steep sell-off
Global stocks fell on Tuesday as US bond yields surged to 16-year highs amid fresh concerns that the Federal Reserve will need to keep interest rates higher for longer.
Treasury yields soared after new data showed that the US jobs market remains remarkably resilient in the face of spiralling interest rates.
The number of US job openings unexpectedly increased from 8.9m in July to 9.6m in August, according to the Bureau of Labour Statistics’ Job Openings and Labour Turnover Survey, known as JOLTS.
This is much higher than economists’ predictions that job openings would remain flat.