Global stocks move indecisively as markets digest a mixed US employment report that showed moderating jobs growth but solid wage increases. – EPA pic, July 8, 2023.
GLOBAL stocks moved indecisively and the dollar retreated yesterday as markets digested a mixed US employment report that showed moderating jobs growth but solid wage increases. The government figures had been eagerly awaited by investors as a gauge whether the Federal Reserve will need to raise interest rates once or twice again this year in order to bring down inflation.
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US stocks sink as strong data boosts odds of more Fed actions | The Malaysian InsightUS stocks sink as strong data boosts odds of more Fed actions
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