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Fed Rate Cut Odds Jump Following Huge U.S. Jobs Report Miss

The Bureau of Labor Statistics reported that nonfarm payrolls fell by 92,000 jobs in February. The market had expected a gain of about 58,000 jobs, while unemployment rose to 4.4%, above forecasts of 4.3%. The miss immediately pushed Fed rate cut expectations higher as investors reacted to clear weakness in the labor market. Fed Rate

The post Fed Rate Cut Odds Jump Following Huge U.S. Jobs Report Miss appeared first on CoinGape.

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