
Instant Reaction: US Payrolls Marked Down a Record 911,000 in Preliminary Estimate
Bloomberg Surveillance
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U.S. Payroll Plunge and Its Consequences
This chapter analyzes the sharp decline of 911,000 jobs in the U.S. payroll, examining its impact on the bond market and potential Federal Reserve interest rate cuts. Experts discuss the implications of revised job numbers and the Fed's cautious stance on monetary policy in light of inflation and external factors.
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