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Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase

Business 1 source 1 country 🔦 Under-reported 38m ago

Financial markets have sharply reduced their expectations for a Federal Reserve interest rate change at the central bank's upcoming meeting in late October.

The shift in market sentiment follows the release of a softer-than-expected jobs report, alongside strong policy signals from Federal Reserve banking officials.

This development suggests that policymakers are increasingly likely to keep borrowing costs steady amid changing economic conditions.

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