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2022-08-05T13:42:38.442Z
The US market created 528,000 jobs in July (ANSA) The US job market soars and the chances of a new rate hike of 0.75% by the Fed in September increase. Indeed, the swap trend signals that a three-quarter point squeeze is more likely than a 0.50% rise. The US economy created 528,000 jobs in July, well above the market's expected 250,000. The unemployment rate fell to 3.5% from 3.6% in June.
The US job market soars and the chances of a new rate hike of 0.75% by the Fed in September increase.
Indeed, the swap trend signals that a three-quarter point squeeze is more likely than a 0.50% rise.
The US economy created 528,000 jobs in July, well above the market's expected 250,000.
The unemployment rate fell to 3.5% from 3.6% in June.
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