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Weak Jobs Data Fuels Fed Cut Bets as Oil Surges, Stocks Hold Highs

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

News Summary

  • Weak July U.S.
  • payrolls barely moved rate markets, with Fed cut odds near 50-50.
  • Oil rose on Iran tensions, Trump pressured Fed's Cook, and strong S&P 500 earnings (+51% YoY) kept stocks near records ahead of Wednesday's CPI report.
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