US stocks fall as Fed seen hiking after good jobs data

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NEW YORK, Aug 5 — Wall Street stocks fell early today following an unexpectedly strong US jobs report that boosted the odds of further aggressive interest rate hikes by the...

NEW YORK, Aug 5 — Wall Street stocks fell early today following an unexpectedly strong US jobs report that boosted the odds of further aggressive interest rate hikes by the Federal Reserve to cool the economy.

But while strong hiring is an unmistakable indicator of economic robustness, investors interpreted the report as likely to lead to more big moves by the Fed after the US central bank enacted two straight 75 basis point interest rate increases.

 

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