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Market Impact: 0.65
US employers add 162K jobs in August — surprisingly strong pace after tepid summer
Source: nypost.com
Economic DataInterest Rates & YieldsInflationMonetary Policy
The US added 162,000 jobs in August, well above expectations of 53,000 and reversing from a prior -23,000 reading. A stronger labor market print typically supports a hawkish Fed tilt and can push Treasury yields higher. The magnitude of the upside surprise makes this a high-impact data release for risk assets and rates.
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