Tom Henderson
- Bank stocks jumped on Nov. 6, immediately after the U.S. Bureau of Labor Statistics announced that the economy added 271,000 jobs in October, much better than economists had been projecting.The feeling on Wall Street was that such a good jobs number meant the Federal Reserve was more likely than not to start raising record-low interest rates in December instead of waiting until next year, and rising interest rates in turn would be good, naturally, for institutions that charge interest.The share
Tom Henderson
- Bank stocks jumped on Nov. 6, immediately after the U.S. Bureau of Labor Statistics announced that the economy added 271,000 jobs in October, much better than economists had been projecting.The feeling on Wall Street was that such a good jobs number meant the Federal Reserve was more likely than not to start raising record-low interest rates in December instead of waiting until next year, and rising interest rates in turn would be good, naturally, for institutions that charge interest.The share