lost 92,000 jobs<\/a> in February and the unemployment rate ticked higher to 4.4%, according to the latest data from the Bureau of Labor Statistics.\n <\/p>\n\n \u201cIt\u2019s a challenging number for markets to digest with the weakness on one hand and the rise in oil prices on the other,\u201d said Jeff Palma, head of multi-asset and macro research at Cohen & Steers.\n <\/p>\n
\n \u201cThe combination of trade uncertainty and a lack of population growth points toward a weaker economy at the same time energy prices spike,\u201d David Russell, global head of market strategy at TradeStation, said in an email.\n <\/p>\n
\n Bonds fluctuated Friday after the weak jobs report. The 10-year Treasury yield surged this week as investors sold bonds and weighed the potential inflationary impact of rising energy prices. The 10-year yield traded at 4.14% Friday, up from 3.96% on Monday, posting its biggest weekly surge since April.\n <\/p>\n
\n \u201cAdd higher oil prices given conflict in the Middle East and renewed tariff uncertainty to the convoluted jobs markets story, and you have a tricky, stagflationary mix of risks in the backdrop for the Fed,\u201d Elyse Ausenbaugh, head of investment strategy at JP Morgan Wealth Management, said in a note.\n <\/p>\n
\n The US dollar index moved lower after the weaker-than-anticipated jobs report, pausing its recent gains. The index rose 1.3% this week, posting its best week since August, as investors flocked to the greenback as a safe haven. Concerns about inflation, which could delay Federal Reserve interest rate cuts, have also boosted the dollar.\n <\/p>\n
\n \u201cToday\u2019s (jobs) numbers may have put the Fed between a rock and a hard place,\u201d Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, said in a note.\n <\/p>\n
\n \u201cSignificant weakening in the labor market would support a rate cut, but given the risk that higher-for-longer oil prices could trigger another inflation surge, the Fed may feel compelled to remain on the sidelines,\u201d Zentner said.\n <\/p>\n","protected":false},"excerpt":{"rendered":"New York \u00a0\u2014\u00a0 The Iran war sent oil futures surging to historic gains this week, while stocks fell…\n","protected":false},"author":2,"featured_media":333127,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-333126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/333126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=333126"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/333126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/333127"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=333126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=333126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=333126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}