✉news BusinessMarkets first seen 1 d ago, last 1 h ago, peak #1
Stocks rally as softer US jobs data cools rate-hike fears
Original: Equities close higher as softer jobs data quiets rate-hike expectations
Equity markets closed higher after new employment figures came in softer than expected, easing expectations of further interest rate hikes by the Federal Reserve. Investors welcomed the data as a sign that monetary tightening may be nearing its end, lifting share prices across major indices.
Why now: Softer jobs data has shifted market expectations for future interest rate policy, prompting a broad equity rally.
Federal ReserveUS equitiesWall Street
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Evidence
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