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Fed Rate Hike Odds Drop as Jobs Weaken, Oil Surges on Hormuz Fears

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Weak July jobs and softer inflation data cut Fed rate-hike odds, lifting stocks and pressuring the dollar.
  • Meanwhile, Hormuz tensions push oil prices higher, creating renewed inflation risk that could later revive hawkish Fed expectations.
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104.61 +64.07% over the displayed period

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