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Market Impact: 0.6
Dow opens 150 pts lower as strong jobs data boosts Fed rate hike bets
Source: invezz.com
Economic DataInterest Rates & YieldsMonetary PolicyInflationMarket Technicals & Flows
US stocks fell after August employment came in stronger than expected, boosting the odds the Fed raises rates at the September meeting. The data lifted Treasury yields and shifted positioning toward next week’s inflation release, increasing near-term rates uncertainty.
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