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Fed seen sticking to December rate hike after jobs data

A stronger-than-expected October jobs report bolsters the case for further Federal Reserve interest-rate hikes that had lost some of its moxie amid the post-election swoon in US stocks and a mounting sense that AI-driven demand could screech to a halt. US employers added 165,000 jobs last month, more than twice what economists had expected, Bureau of Labor Statistics data showed on Friday, and…

First reported by Business Recorder 1 source
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Image: Business Recorder
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  1. Business Recorder

    Fed seen sticking to December rate hike after jobs data (opens Business Recorder in a new tab)

    A stronger-than-expected October jobs report bolsters the case for further Federal Reserve interest-rate hikes that had lost some of its moxie amid the post-election swoon in US stocks and a mounting sense that AI-driven demand could screech to a halt. US…

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