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Analyst: Revisions to Employment Data Further Fuel Speculation of Fed Rate Cut
BlockBeats News, September 9th, Rosenblatt Securities Managing Director of Stock Trading Michael James stated that the U.S. employment data revision further fueled expectations of a Fed rate cut. We will get more information from the Consumer Price Index (CPI) on Thursday morning, but the meaningful decline in job growth further illustrates the Fed's intention to start an interest rate cut cycle later this month. This has led to a better overall performance of the U.S. stock market this morning. (FXStreet)
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