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Jobs Surge Sparks Rate Hike Fears
Published 4 days, 7 hours ago
Description
Stocks and bonds plunged after a surprise jobs report showed 172K new jobs in May—with prior months revised up by 93K—sparking fears of rising inflation and prompting bets the Fed will hike rates sooner to cool the economy, triggering a sell-off in bonds and pushing markets into a nervous spiral.
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