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Sharp Rise in US Unemployment Rate Amplifies September Rate Cut Odds - DailyFX
Disappointing job additions and a shock rise in unemployment in July have piled on the pressure for the Fed. Expectations of a 50-basis point cut in September gain traction
By: DailyFX
- Aug 04 2024
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- A disappointing 114k jobs were added to the economy in July, less than the 175k expected and prior 179k in June.
- Average hourly earnings continue t… [+4050 chars]
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