Strong US Jobs Data Revive Fed Hawks

The US economy added 528’000 new nonfarm jobs in July, significantly higher than 250’000 expected by analysts. Last month’s data was revised up to 400’000. The unemployment rate fell to 3.5%, the lowest level since late 1960s. Wages grew 5.2% vs 4.9% expected by analysts. Strong US jobs data revived the Federal Reserve (Fed) hawks […]

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