Stock market today: Dow, S&P 500, Nasdaq sink after jobs report surprise, oil tops $90
A weaker-than-expected February jobs report quashed the notion that the labor market is stabilizing, my colleague Jennifer Schonberger writes, but it likely won’t push the Federal Reserve to cut interest rates this month due to inflation concerns stemming from the war in the Middle East.
Here’s what several Fed officials had to say about the labor market report:
San Francisco Fed president Mary Daly
“This jobs report has got my attention,” Daly told CNBC.