Treasury yields climb as markets price a Fed rate hike after October producer price report
Summary
- The October producer price index rose 0.3% monthly and 6.5% annually, the biggest 12-month gain since November 2022, with energy prices falling.
- Treasury yields rose across the week ending November 13, with the 2-year at 4.88%, the 10-year above 5.15%, and the 30-year at 5.47%.
- Markets fully price a quarter-point Federal Reserve rate hike at the December 8-9, 2026 meeting, with better than 10% odds of a half-point move.
- The Fed raised its target range to 3.75%-4.00% effective September 17, 2026, and it has not changed since.
- Treasury Secretary Scott Bessent urges the Fed not to hike into an easing energy shock, while Fed officials point to persistent services inflation.
- The December 8-9 meeting and the November producer price report due December 15 are the next tests for the bond market.
Reactions
- Scott Bessent urged the Federal Reserve to look ahead rather than past data and to look through the fading energy shock.
- Scott Bessent predicted a mild inflation number would likely arrive in the week after November 13, 2026.
- Fed Governor Christopher Waller said hiking only 25 basis points would put the Fed's credibility at risk.
- Chicago Fed President Austan Goolsbee said the central bank has definitely got work to do and that inflation is not on a path back to 2%.
- Chris Rupkey, chief economist at FWDBONDS, said there was no silver lining in the inflation report.
- Chris Zaccarelli of Northlight Asset Management said the producer price data was unlikely to change the Fed's December approach.
Timeline newest first
Treasury Secretary Scott Bessent warned on November 13, 2026 that it would be a mistake for the Federal Reserve to hike too much into an energy supply shock that is easing.
Chicago Fed President Austan Goolsbee said the Federal Reserve likely will need to act on the latest inflation data.
Hot inflation data and hawkish remarks from Fed Governor Christopher Waller revived Wall Street's rate-hike fears, combining with AI jitters for the worst day for stocks since July.
Fed Governor Christopher Waller said on November 10, 2026 that a half-point December rate hike should be on the table if inflation kept running hot, while leaning toward a quarter-point increase.
Sources newest first
- Bessent Tells the Fed Not to Hike “Too Much”
247wallst.com's November 14, 2026 article reports Treasury Secretary Scott Bessent's warning on CNBC that it would be a mistake for the Federal Reserve to "hike too much into an energy supply shock," saying the shock is easing, that gasoline is below $4 a gallon and oil is down $20, and urging the Fed to look ahead rather than past data. The article notes the Fed, which raised rates to 3.75%-4.00% in September, leaned toward another hike as services inflation persists and yields rose across the week, and it expects near-term risks for the iShares 20+ Year Treasury Bond ETF to lean toward further losses ahead of the Fed's December meeting and the November producer price report.
Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflationIn a CNBC interview, Chicago Fed President Austan Goolsbee says the central bank has "definitely got work to do" on inflation, which he calls above the 2% target for nearly six years and spreading beyond demand overheating tied to the AI data center buildout, and he expects the Fed will likely need to act on the latest data. The Bureau of Labor Statistics reported the producer price index rose 0.3% in October, a 6.5% annual gain, while futures markets fully price a quarter-point rate increase at the Fed's Dec. 8-9 meeting.
Wholesale prices rose 0.3% in October, putting annual rate at 6.5%, the highest in nearly four yearsCNBC reports that the producer price index rose 0.3% in October, less than expected, but the annual rate accelerated to 6.5%, the highest since November 2022, with markets pricing in a quarter-point Fed rate hike at its December 8-9 meeting. Chicago Fed President Austan Goolsbee calls inflation broad-based and more persistent than predicted, and CNBC reports policymakers worry pressures from the Iran war, fuel prices, and Trump's tariffs are spreading through the economy.
10-year Treasury yield moves to 5.17% as traders weigh producer price reportCNBC reports the 10-year Treasury yield stayed above 5% after October's producer price index rose 0.3%, less than the 0.4% economists expected, though it rose 6.5% annually, which the article calls the biggest increase since November 2022. Traders price in 100% odds of a Fed rate hike on 9 December, and Chris Rupkey of FWDBONDS sees "no silver lining" in the inflation report.
Hot Inflation Revives Wall Street’s Rate Hike Fears
Sam Goldfarb and Krystal Hur report for the Wall Street Journal that hot inflation data and hawkish remarks from Fed governor Christopher Waller revived Wall Street's fears of a rate hike, pulling investors' attention back to the Fed after weeks focused on wobbles in the artificial-intelligence trade. A linked Journal article reports that AI jitters combined with rate-hike fears for the worst day for stocks since July, as the Nasdaq edged lower.
Trump-appointed Fed member signals big interest rate hike as inflation runs hotA Washington Post news article reports that Fed governor Christopher Waller, a Trump appointee who pushed for rate cuts in 2025, said on 10 November 2026 that a half-point December rate hike should be on the table if inflation kept running hot. Hours later, the Bureau of Labor Statistics reported core prices rose 0.3 percent in October, and overall consumer prices rose 0.4 percent, more than economists expected.
Background newest first
Why Is XRP Crashing Below $1?A 247wallst.com article by crypto analyst Sam Daodu reports XRP fell below $1 to about $0.96 on November 14, 2026, down 6.3% in 24 hours and 47.9% since the year's start, as Bitcoin slipped to $65,906 and $1.23 billion in leveraged crypto positions were liquidated. Daodu finds no Ripple-specific news behind the drop, calling it market-wide, and says a recovery hinges on Bitcoin stabilizing and rate-hike fears easing, with a quick rebound above $1 unlikely.
Wholesale food prices are on the riseaxios.com· 10h
An Axios article by Courtenay Brown reports that wholesale food prices rose 1.7% from a year earlier, ending a three-month streak of declines, with wholesale vegetable prices surging 27% in one month after a 31% jump the month before. Warm weather, crop disease, and infestations cut California leafy green harvests, the Iran war raised fertilizer and fuel costs, and truck freight costs jumped nearly 25%, while Axios says it is unclear how much of the surge reaches consumers.
The 4.52% Benchmark Every Saver Should Check Before Accepting Their Bank's Rate247wallst.com's article by Austin Smith urges savers to compare their bank's rate with the 4.52% one-year Treasury bill yield, saying a bank that pays far less keeps the difference. It explains how T-bills work, how they're taxed, and recommends keeping emergency cash in savings while putting money for known dates into bills.
Exclusive: How Nvidia’s Jensen Huang – and Trump – jumped the guardrailssemafor.com· 26h
Semafor reports that Anthropic is gearing up for a $1.4 trillion IPO as soon as the week after 10 November 2026 and plans to spend about $900 billion on its AI buildout, with Goldman Sachs projecting $685 billion in 2030 revenue and Mark Zuckerberg and Jensen Huang calling CEO Dario Amodei a "doomer." It forecasts the sums will make Amodei one of the world's most influential executives and intensify the AI-safety debate as the Trump administration condemns effective altruism, while hot October inflation data sparked a Treasury selloff and a Mizuho economist says the Fed may raise rates half a point.
Kevin Warsh Is Giving Marc Andreessen the Fed's Microphone Before December's Rate DecisionA 247wallst.com article by Jake Fitzgerald covers Fed reporter Nick Timiraos's X post revealing a Fed field hearing on productivity, where chairman Kevin Warsh will moderate a conversation with Marc Andreessen and Gina Raimondo, with panels including Palo Alto Networks, Stripe, and Affirm. The article argues Andreessen, whose a16z profits from AI enthusiasm and cheap capital, has a stake in the productivity narrative, while 24/7 Wall St. holds that a December 2026 rate rise remains likely.
Bank of America Just Changed Its Fed Call to Three Straight Hikes. The Hit to a Widow's $400,000 Bond Fund Already Happened, and Her Cash Is About to Get a Raise247wallst.com's personal finance piece reports Bank of America's new forecast of three straight quarter-point Fed hikes to a 4.50%–4.75% peak, with economist Aditya Bhave quoted that the Fed 'no longer has the luxury of hiking at a quarterly pace.' Working through a hypothetical widow with $400,000 in a bond fund that has already dropped 4.6% in 2026, a money market fund, and a certificate of deposit maturing in December, it argues shopping for the best renewal rate matters more than the hikes themselves, and advises against selling the bond fund on hike news.
Stock Market Today: Nvidia Rebounds After Huang's Exit as Treasury Yields Top 5%247wallst.com's market recap by Rich Duprey reports Nvidia rebounding about 2.3% premarket on November 13, 2026, after Jensen Huang's resignation as CEO knocked 4.3% off the stock and pulled the major averages lower on Thursday. Colette Kress is serving as interim CEO, the 10-year Treasury yield topped 5%, and the article quotes President Trump saying "We don't need a deal with Iran."
What a December Rate Hike Would Mean for Your Savings, Your CD and Your Credit Card247wallst.com's article by Austin Smith walks through what a possible December Federal Reserve rate hike — the central bank meets December 8-9, 2026, with Polymarket traders pricing a quarter-point increase at 0.885 — would mean for savings accounts, CDs, and credit cards, noting savings rates lag and vary by bank, existing CDs keep their rates, and card APRs adjust within a billing cycle or two, while 24/7 Wall St. says where you bank matters more than what the Fed decides. Its advice before the meeting: check your savings yield and move near-zero balances to a competitive high-yield account, pay down carried card balances, consider a CD ladder, and verify any online bank is FDIC-insured.
Treasury Bonds Now Pay More Than Stocks Earn by a Gap Last Seen in 2009. Warren Buffett Warned in 1999 What That Does to Stock PricesA 247wallst.com article reports that the 10-year Treasury, at 4.98%, now out-yields the S&P 500's earnings by 1.13 points — the widest gap since 2009 — and revisits Warren Buffett's 1999 warning that rates "act on financial valuations the way gravity acts on matter," citing the dot-com era's steep losses when the gap was high. It argues the gap is a reason to hold bonds for near-year spending, not a bet against stocks, while Wall Street forecasts the S&P 500 will out-earn the bond within a year.
Nasdaq falls on Friday as Nvidia sells off, but index notches best week since August: Live updatesCNBC's live markets blog tracks a Friday session in which the Nasdaq fell 0.91% as Nvidia shares slid following CEO Jensen Huang's resignation — capping the index's best week since August — while analysts weighed whether his exit could trigger a 20% stock correction. It also covers a global Microsoft Outlook outage, bitcoin dropping below $70,000, and a reported Samsung–Modine deal.
He Has $100,000 in His Federal Retirement Bond Fund as Treasury Yields Hit 5%. Another 1-Point Rise Could Cost Him $6,000. A Different Fund Protects His PrincipalA 247wallst.com personal finance article by Gerelyn Terzo works through the case of a hypothetical 58-year-old federal employee with $100,000 in the Thrift Savings Plan's F Fund as 10-year Treasury yields near 5%, where a one-point rise could cut roughly $5,730 from his balance. 24/7 Wall St. suggests the G Fund, which the government guarantees against principal loss, may suit money he expects to spend soon, though it cautions that safety carries a cost in potential returns, and it advises counting withdrawals needed in the first five years of retirement.
SolarEdge Slides 5% as Rising Yields Weigh on Solar Stocks; Sunrun Drops 4%, Enphase Falls 3%A 247wallst.com article by David Moadel reports that solar stocks fell across the board on November 12, 2026, with SolarEdge down 5% to $25.21, Sunrun down 4%, and Enphase down 3%, and argues that rising Treasury yields — moving toward 5% — offer the better explanation than rallying oil. He notes SolarEdge's Q3 earnings beat leaned on a $36 million tariff-related benefit, while bulls cite its free cash flow streak and bears its weak Q4 margin outlook.
Wall Street Just Called the Fed's October Hold a Mistake. Here's Warren Buffett's 9-Word Rule From the Last Time the Fed Doubled Rates, and What It Does for $1 Million in an Index FundA 247wallst.com article reports Wall Street calling the Federal Reserve's October hold a mistake — Bank of America's economists say it is "falling behind the curve on inflation" — and cites Warren Buffett's 1994 advice to "ignore political and economic forecasts." It recounts four past tightening episodes and, for a hypothetical couple's $1 million index fund, computes outcomes from a 1937-style $430,000 loss to a 2018-style $277,000 gain, concluding the fund stays.
The 2-Year Treasury Yield Just Had Its Biggest Jump in 19 Months247wallst.com reports the 2-year Treasury yield jumped 17 basis points to 4.73% on November 10, 2026 — its biggest one-day rise in 19 months — on a hawkish Fed speech and hotter-than-expected core CPI. Fed governor Christopher Waller, quoted before the data, said a 50-basis-point hike should be considered if core CPI hit 0.3%; futures now price a 91% chance of a December rate rise, and Goldman Sachs added a second quarter-point rise to its forecast, most likely in March 2027.
The 10-Year Treasury Just Hit 5%. AT&T Pays About the Same. Here's What a Retired Couple With 10,000 Shares Should Do With the CheckA 247wallst.com article argues that with the 10-year Treasury at 5%, AT&T's 5.1% yield is barely worth the stock's risk, though its dividend looks covered and the buyback cushions it. It walks through a hypothetical retired couple with 10,000 AT&T shares, advising the stock stay outside the IRA and a 2026 Roth conversion fills the 0% dividend tax band.
Realty Income Just Raised Its Dividend Hours After the 10-Year Treasury Hit 5%. A Widow With $300,000 in the Stock Now Gets $1,370 a Month. Here's How Safe the Check IsA 247wallst.com article examines how safe Realty Income's dividend is after the company raised it to $0.274 a share — its 137th increase since 1994 — hours after the 10-year Treasury yield topped 5% on November 10, 2026, leaving the stock yielding 5.5%. Working through a hypothetical 72-year-old widow with about $300,000 in the stock whose monthly check rises to $1,370, it argues the payout stays covered even if higher yields push the share price down, though CEO Sumit Roy's claim that the payout ratio is among the lowest in the company's history sits against costlier 2027 refinancing.
Matthew Hornbach Says Falling Unemployment Is the Real Risk to Higher Rates. Here's Why Retirees Should CareChris Lange's 24/7 Wall St. article reports Matthew Hornbach's warning, quoted from CNBC on November 10, 2026, that the real risk to dramatically higher rates in 2027 is the unemployment rate trending lower, and says each monthly reading at or below 4.1% strengthens the case for higher yields, with the 10-year Treasury at 4.86%. The article calls Realty Income, which reported third-quarter revenue of $1.62 billion and forecasts 2026 AFFO of $4.45 to $4.46 per share, a rate-sensitive retirement holding whose 5.16% dividend yield leaves a roughly 0.3-point cushion over the Treasury that a climb back toward 5.31% would erase, and recommends retirees review how much income depends on rate-sensitive holdings.
Foreign-Linked Buyers Took Their Smallest Share of a 3-Year Treasury Auction in 15 MonthsA 247wallst.com article reports that at the November 9, 2026 auction of $58 billion in three-year notes at a 4.627% high yield, indirect bidders who usually stand in for foreign demand took their smallest share in 15 months, 55.5%, while direct bidders took a record 35.0% and primary dealers just 9.5%. The article holds the primary dealers' low share argues against calling the sale a failure and that one auction alone does not set a trend.
Treasuries Now Offer 2.66% Above Inflation. Are Dividend Stocks in Trouble?Chris Lange's 24/7 Wall St. article examines whether dividend stocks are in trouble now that the 10-year Treasury Inflation-Protected Security yields 2.66% above inflation, up from 1.84% a year earlier. He notes Johnson & Johnson, Procter & Gamble, Coca-Cola, and Exxon Mobil yield less than that real return while Realty Income and Verizon yield more, and argues that if the yield tops its October high of 2.95%, the 2023 pattern suggests Realty Income and Verizon will fall first, though holders were rewarded historically once real yields peaked.
Here's the inflation breakdown for October 2026 — in one chartA CNBC chart breaks down October 2026 inflation: the consumer price index rose 0.4% monthly, more than economists expected, slowed by a moderating gasoline rise but pushed up by housing and food. Economists attribute the pickup to the Iran war, tariffs, and AI-driven demand, and Mark Zandi says the report makes a December Fed rate increase more likely.
Fed’s Goolsbee Says AI Data Centers Look Like ‘Old-Fashioned Overheating’24/7 Wall St. reports that Chicago Fed President Austan Goolsbee said on November 9, 2026 that the AI data center build-out looks like "old-fashioned overheating," calling inflation the Fed's big problem and noting demand-driven inflation persists until rates cool it, though he did not say how he leans on a December hike. The article ties the AI-spending question to stock moves, 84% futures odds of a December hike, and upcoming October CPI, and expects a hike if core CPI tops 0.2%.
Home - Financial Times
ft.com
The Financial Times homepage leads with the Nvidia spying scandal surrounding Jensen Huang, alongside an AI market rout, SoftBank's $7bn loss, Trump's retreat from striking Iran, and renewed US-Russia-Ukraine talks. Columns weigh in on Nvidia's key-man risk and Trump's midterm troubles, while Anthropic targets a $1.4tn valuation in its IPO.
Gas prices dip below $4 but inflation remains stubbornly highnpr.org· 4d
NPR's Scott Horsley reports that U.S. gas prices fell 38 cents to a national average of $3.98 a gallon by November 10, 2026, on cheaper crude, winter-blend fuel, and seasonal demand, but inflation stayed stubborn: consumer prices rose 0.4% in October, with housing costs driving a third of the gain and groceries up sharply. Diesel near $6.15 a gallon, tied to the wars with Iran and in Ukraine, is lifting heating oil and freight costs, and a shutdown gap left the report without a year-over-year reading. Economists warn 3.7% inflation outpaces 3.1% wage gains, which helped drive record midterm turnout.
Stock Market Today: Hotter CPI Reading Hasn't Deterred Stocks From RisingRich Duprey's 24/7 Wall St. market report says a hotter-than-expected CPI reading capped the open on 10 November 2026 yet premarket ETF gains held, with the S&P 500 proxy up 2.15%, QQQ up 3.40%, and the Dow proxy up 2.15%. The article reads the Dow's rise against a lower Nasdaq-100 as money shifting from rate-sensitive growth stocks to blue chips, argues a hot inflation print makes Fed rate relief less likely, and recommends watching the 10-year Treasury yield's response.
Consumer prices continue to climb, despite Trump’s claims about having ‘solved’ inflationms.now· 4d
Inflation runs hotter than expected as higher prices extend beyond the gas station
apnews.com· 4d
The AP reports U.S. inflation ran hotter than expected in October 2026, with consumer prices up 0.4% from September and no annual rate available because the 2025 shutdown left missing data, as higher gas, grocery, computer, and electricity prices extend beyond the pump. AP says the persisting inflation poses challenges for Trump after Democrats' midterm wins and makes a December Fed rate hike highly likely, though the economy keeps growing at 3.4% with low 4.1% unemployment.
Monthly Inflation Slipped to 0.4% in October, but Remains Higher Than Expected
A Wall Street Journal article by Matt Grossman reports that consumer prices climbed notably in October, extending the stubborn inflation that fed voters' sour economic mood before the elections. The Labor Department said prices rose 0.4% for the month, or 0.3% excluding food and energy, and published no year-over-year rate because data couldn't be collected during the year-ago government shutdown.
CPI Live Updates: Inflation Persists in U.S. Economynytimes.com· 4d
The New York Times live-blogs October's Consumer Price Index report, which showed prices up 0.4 percent and core prices up 0.3 percent, with no annual rate released after missing shutdown data, and inflation wiping out October's wage gains. Reporters and analysts flag what follows: Jeff Ostrowski expects mortgage rates to stay above 7 percent, Fed governor Waller expects energy prices to remain elevated, and the Fed is widely expected to raise rates again in December.
10-year Treasury yield races back to 5% as inflation data, Waller comments drive rate hike expectationsA cnbc.com article reports the 10-year Treasury yield trading above 5% again after hotter-than-expected October CPI data, a soft $42 billion note auction, and hawkish Fed comments. Fed Governor Christopher Waller said a 50 basis point December hike should be considered, while Goldman Sachs' Lindsay Rosner called a December hike her firm's base case.
S&P 500 falls after hot CPI ignites inflation concerns: Live updatesCNBC's live blog tracks Tuesday's market slide after hotter-than-expected October CPI data, with the S&P 500 down 0.6%, Nvidia falling 6% as CEO Jensen Huang's affair scandal and a Fed official's hint at a possible half-point December rate hike stoke inflation concerns. Fed officials including Waller and Lorie Logan signal more hikes ahead, while global chip stocks rally and Anthropic's IPO pricing edges it toward a Nasdaq debut.
The Fed Held Rates. Here's What That Means for the Yield on Your T-Bill ETFRyne Mauck's 247wallst.com article explains what the Federal Reserve's October 28, 2026 rate hold means for T-bill ETF yields: the funds reset quickly as bills mature, so yields — like SGOV's 3.83% SEC yield and BIL's 3.84% — will stay near current levels until the Fed moves again. He argues picking a fund matters more than timing the Fed, recommends the SEC yield over trailing yield, and compares fees and maturities across SGOV, BIL, and IQMM.
More Rate Hikes Are Coming as Job Growth Accelerated, Unemployment FellRich Duprey reports in 247wallst.com that the October 2026 US jobs report far beat forecasts, with 165,000 jobs added against 65,000 expected and unemployment falling to 4.1%, and writes that more Federal Reserve rate hikes are coming. Traders put roughly an 80% chance on a December hike, while Michael Gapen said sustained payroll gains and firmer wage growth could bring more hikes in 2027.
Stock Market Today: Nvidia Pressures Indexes to Maintain ReboundRich Duprey's November 9, 2026 market wrap for 247wallst.com reports ETF proxies for the Dow, S&P 500, Nasdaq-100, and Russell 2000 all up in premarket trading as falling oil eases fears after last week's AI-driven selloff. Per CNBC, Nvidia's board has opened an investigation into CEO Jensen Huang, and Duprey sees the morning as a rotation out of tech, with CPI due Tuesday and CoreWeave, Cisco, and Applied Materials reporting this week.
America's Housing Market Just Hit a 30-Year Low — and 7% Mortgage Rates Are Making It WorseRich Duprey argues on 247wallst.com that, judged by would-be buyers, the U.S. housing market is running near a 30-year low, with Freddie Mac's 30-year rate at 7.18% after seven weeks above 7% and existing-home sales at a 3.99 million annualized pace. He says owners holding 3% or 4% mortgages have little reason to sell, keeps listings thin and prices high, and forecasts that falling housing starts point to weaker economic activity into 2027.
- Odds of a December Rate Hike Jump to 77% After a Blowout Jobs Report
247wallst.com reports that market odds of a December 2026 Federal Reserve rate hike jumped to 76.8% on CME FedWatch, from 66.9% a week earlier, after October payrolls rose 165,000 — about 2.5 times the consensus forecast — though the Fed has given no December guidance. The article notes the Fed held rates on October 28 by a 10-2 vote, San Francisco Fed President Mary Daly expects further tightening to curb inflation, and it flags upcoming October CPI on November 10 as a key test for stocks like SPY.
The U.S. Economy Just Sent 2 Completely Different Signals -- a Fed President Says More Rate Hikes Are Needed247wallst.com's article reports mixed economic signals: U.S. housing starts fell 5.2% in September 2026 to a 1,221,000 annual rate, even as retail sales hit $745.0 billion and unemployment dropped to 4.1%. St. Louis Fed President Alberto Musalem says strong demand and persistent inflation mean further rate increases will likely be necessary, while Redfin reports buyers are pulling back with pending home sales down 15.9%.
Stock Market Today: Election Results Continue to Ease Market FearsA 247wallst.com market report for November 6, 2026, says election results continue to ease fears as tech stocks bounce ahead of the bell after the Nasdaq-100 fund's 8% weekly fall, with the Federal Reserve's 2 p.m. policy statement ahead. Delek US beat estimates at $13.55 EPS, and the site calls tech's pop relief, not a confirmed turn.
The Jobs Report Just Changed the Math for Retirees. Here's What a Rate Hike Means for a 67-Year-Old With $400,000 and Social Security.A 247wallst.com article by Jeremy Phillips argues that the strong October 2026 jobs report — 165,000 jobs added, unemployment down to 4.1% — makes a December Federal Reserve rate hike the base case, and works through what that means for a 67-year-old with $400,000 in cash and Social Security: $16,840 a year at a 4.21% T-bill yield, roughly $1,900 ahead of 3.7% inflation, with one more quarter-point hike adding $1,000. The article warns that an intermediate-term bond fund's ~6-year duration would cost a $200,000 holder about $3,000 on a quarter-point rise, and recommends keeping maturities short and knowing bond fund durations before the Fed's December 2026 meeting; traders, Reuters reported, raised bets on a December hike within minutes of the report.
Live Updates: U.S. Jobs Report Shows Strength After Stock Market FallsThe New York Times live-updates the U.S. October jobs report, in which employers added an unexpectedly strong 165,000 jobs, unemployment fell to 4.1 percent, and prior months were revised up by 84,000, though economists caution the monthly numbers are volatile and wage growth stayed subdued. Times reporters read the data as making job growth look meaningfully better and affirming the Federal Reserve's gradual rate increases, while the page also covers a tech-led market sell-off, Microsoft's offer of buyouts to about 60,000 employees, a still-high trade deficit, and voter frustration over the economy that swept out incumbent Republicans in the midterms.
Gold Just Had Its Best Day Since August, Back Above $4,000247wallst.com reports that gold jumped about 3.5% on November 4, 2026, its best day since August 19, moving back above $4,000 an ounce to settle at $4,073 after Democrats' midterm sweep pushed the dollar to a one-month low and the ten-year Treasury yield eased. Gold miners surged, with Newmont up 9.94% and Agnico Eagle 9.67%.
