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Market Impact: 0.62
U.S. Job Growth Far Exceeds Estimates In August
Source: Nasdaq
Economic DataMonetary PolicyInterest Rates & YieldsLabor Markets & Employment
U.S. employment rose far more than economists expected in August, according to the Labor Department’s closely watched report. The upside labor surprise is likely to support the case for tighter/less-dovish rate expectations, with potential spillover into Treasury yields and broader risk sentiment.
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