![]() Traders had already pushed out bets for the timing of the first Fed rate cut to May from March following Powell's warning earlier this week. The yield for the 10-year Treasury leaped immediately after the release of the jobs report and climbed to 4.02% from 3.88% late Thursday. "It’s definitely not the type of data the Fed had in mind when they said they wanted to see more evidence that inflationary pressures were under control.” “The Fed threw some cold water on the idea of a March rate cut less than 48 hours ago, and today’s surprisingly strong jobs report won’t dry things off,” said Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. Fed Chair Jerome Powell said earlier this week that it’s unlikely cuts will begin as soon as traders had been hoping. stock market has surged to record heights. Hopes for such cuts, which can relax the pressure on the economy and goose investment prices, have been a major reason the U.S. That in turn could mean a longer wait for the Federal Reserve to begin cutting interest rates. While the strength is a boon for workers and keeps the risk of a recession at bay, the worry is that it could preserve some upward pressure on inflation. employers hired many more workers last month than economists expected. Stocks felt pressure from much higher yields in the bond market after a report showed U.S. And the Russell 2000 index of smaller stocks fell 0.6%. The Big Tech stocks, which are two of Wall Street’s most influential, also vaulted the Nasdaq composite up by 1.7%.īut the Dow Jones Industrial Average, which has less of an emphasis on tech, rose by a more modest 0.3%, or 134 points. It’s in a torrid run where it’s climbed in 13 of the last 14 weeks. It has not been confirmed whether the person is a resident of The Station.TOKYO – Big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy.īig gains for Meta Platforms and Amazon helped drive the S&P 500 index up by 1.1% to its latest all-time high. Thomas police said that they have charged a 41-year-old with two counts of possessing a firearm or ammunition contrary to a prohibition order, one count of arson with damage to property, and one count of arson with disregard for human life. No significant injuries have been reported following the explosion. She added that Indwell has been collaborating very closely with the Fire Marshal during the investigation. ![]() "We expect individuals to return very quickly," Thuemler noted. ![]() The investigation is ongoing, and at this point there is no damage estimate, but Indwell is hopeful that people will be able to go home soon. ![]() Thomas community as well as our partners in London and we just want to send a big thank you to everyone who has offered words of support or tangible items," Thuemler said. "There have been a number of community individuals, social services, agencies, our partners from the city, as well as our healthcare partners who have just really rallied to offer words of support and encouragement. "We're very appreciative of their support and willingness to open their doors," she said, adding that staff have also been operating out of the hotel for the last few days. Thuemler said that some of the tenants do have supports to lean on in this time, who have offered them a temporary place to stay, others have been put up at a local hotel. The rooms are rented to people living on Ontario's Disability Support Program (ODSP) and gives a hand up to those who have experienced homelessness. The 28,115-square foot building features a large kitchen, common rooms, staff offices, and 45 one-bedroom units including nine accessible rooms. This building was just recently fully occupied." "Obviously, everyone is eager to return home. "They are a resilient group and they are doing well," she stated. Natasha Thuemler, Indwell's Regional Manager for the Southwest, said that the tenants are leaning on each other for support following the traumatic event. The Station is home to 45 residents who have been displaced since the incident last week. for an explosion that was determined to have occurred within one of the units. Thomas.Įmergency crews were called to The Station, located on Queen Street, just before 4 p.m. An arrest has been made following an explosion on Friday at Indwell's supportive housing development in St.
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