Today's jobs report showed way more jobs created last month than expected: 165,000 versus an estimate of just 65,000. Plus, we saw notable big revisions to the upside t

IJR News.

US nonfarm payrolls increased more than expected in October and the unemployment rate fell to 4.1%, suggesting the ‌labor market remained resilient and giving the Federal Reserve more scope to focus on inflation.

US job growth accelerated in October and the unemployment rate fell to 4.1%, suggesting that the labor market could be strengthening after stumbling in mid-summer and keeping the Federal Reserve on track to raise interest rates in December.

The central bank said that inflation would climb to about 5 percent next year, far above its target, because of higher energy prices driven by the war in Iran.

The Bank of England is set to raise interest rates for the first time in three years on Thursday, as it battles to bring rising inflation under control. Economists expect the BoE to raise interest rates by a quarter point to 4 per cent,

The rate has been held at 3.75% at the Bank's last six meetings, but in September its governor hinted at a possible rise if energy costs stayed high.

The Bank of England is expected to raise interest rates for the first time in over three years in order to tackle the inflation shock caused by the Iran war

US stocks rose on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts.

Wall Street closed sharply higher a day after Democrats' sweeping midterm election wins, with the Dow on Wednesday soaring 3 percent, while the S&P 500 and the Nasdaq e

Wall Street rallied after Democrats’ election wins, with all three major indexes closing higher as investors welcomed signs of bipartisan cooperation. Meanwhile, crude oil plunged more than 8%.

U.S. stocks are surging as investors react to a blue wave that puts Democrats in control of both chambers of Congress.