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US Jobs report awaited for direction after Powell’s comments
The widely expected US Nonfarm payrolls report is coming out on Friday at 1230 GMT to direct markets over the path of interest rates as this week’s comments by the Fed chairman, Jerome Powell, did not convince investors that the central bank’s next move is going to be a rate cut. Following the Federal Open Market Committee (FOMC) policy meeting which left interest rates unchanged on Wednesday, Powell surprisingly claimed at his press conference that the factors behind recent inflationary weakness are “transitory” and therefore the case for a rate cut is not as strong as previously. While some analysts have ... (full story)
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