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Wall Street hits record highs as July payrolls ease rate fears
July payrolls fell 23,000, sending the S&P 500, Nasdaq, and Dow to record closes as Fed rate-hike odds dropped to 42% ahead of August inflation
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coindesk.com
The U.S. lost 23,000 jobs in July, far shy of forecasts for a gain of 80,000
Prior to the report, markets were split on whether the Fed would hike rates at its next policy meeting in September.
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swissinfo.ch
Stocks and Bonds Rise as Jobs Ease Fed-Hike Worry: Markets Wrap
(Bloomberg) -- A sharp slowdown in the US jobs market drove stocks higher while bond yields fell on speculation the Federal Reserve won’t be forced to raise interest rates any…
