Browsing: rate

The unemployment rate for the nation’s post-9/11 generation of veterans rose from 3.5% in August to 4.1% in September as the number of jobs added that month fell by more than 100,000, according to the final monthly jobs report released Friday by the Bureau of Labor Statistics ahead of the November elections.

The Federal Reserve’s Sept. 16 rate hike could provide a modest tailwind to JPMorgan’s JPM banking revenues, though the overall impact will depend on deposit pricing, loan demand and credit quality. The Fed raised its target range by 25 basis points (bps) to 3.75-4.00%, prompting major banks, including JPMorgan, to increase lending rates. The move…