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US Stocks Edge Higher After Downward Jobs Revision, Fed Rate Cut Speculation Grows
US Stocks Edge Higher After Downward Jobs Revision, Fed Rate Cut Speculation Grows
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BTCCSquare news:
US equities crept upward Tuesday as markets digested a steeper-than-expected downward revision to employment figures. The Dow, S&P 500, and Nasdaq each gained between 0.1%-0.2%, extending Monday's record-high momentum. A Bureau of Labor Statistics report showed 911,000 fewer jobs were created over the past year than initially reported - exceeding Bloomberg economist forecasts of 680,000 in downward revisions.
The data reinforces growing evidence of labor market softening, fueling trader bets on imminent Federal Reserve rate cuts. Attention now turns to whether policymakers will implement aggressive easing when they meet next week. Upcoming PPI and CPI releases later this week could further shape expectations.
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