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US stocks slip as Fed damps hopes of interest rate cuts in 2023

US stocks slip as Fed damps hopes of interest rate cuts in 2023

US stocks and Treasuries slipped on Thursday, while the dollar strengthened, after a stronger than expected jobs report underlined the labour market’s resilience in the face of the Federal Reserve’s aggressive campaign to tackle high inflation.

Wall Street’s benchmark S&P 500 lost 1.2 per cent, while the tech-heavy Nasdaq Composite fell 1.5 per cent, erasing small gains registered in the previous session. Meanwhile, Amazon’s…


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NFL rules Week 17 Bills-Bengals game will not resume

NFL rules Week 17 Bills-Bengals game will not resume

Road works to last four weeks on busy junction

Road works to last four weeks on busy junction