76FINANCE
⚡ Markets: A strong labor market increases the likelihood of a 'higher for longer' interest rate environment. Bearish for bonds (higher yields), and potentially negative for rate-sensitive growth stocks.US 10YUSDSPXQQQ
The latest US jobs report showed stronger-than-expected hiring in August, leading to increased market expectations that the Federal Reserve will proceed with an interest rate hike at its next meeting. The data complicates the economic picture amid rising energy prices and concerns about inflation.
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