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US Stock Market: Soft US jobs data eases Fed rate fears, lifts market sentiment
A recent U.S. jobs report, showing slower-than-expected growth and downward revisions, has eased investor fears of persistent inflation and a hawkish Federal Reserve. This cooling labor market data offers relief to equity markets, especially tech stocks, as it reduces expectations for an imminent interest rate hike. Investors now anticipate a more stable economic outlook, potentially supporting higher stock valuations.
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swissinfo.ch
Stocks Rise as Jobs Fuel Bets Fed to Stay on Hold: Markets Wrap
(Bloomberg) -- A slower-than-anticipated increase in US jobs drove stocks higher and short-dated bond yields fell on bets the Federal Reserve won’t be forced to raise interest…
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economictimes.indiatimes.com
US stocks today: US stocks rise as softer jobs data calms rate-hike fears
US markets climbed after June hiring slowed more than expected, easing fears of further Fed tightening. The data pointed to a cooling but resilient labour market, lifting…
