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US Job Growth Slows as Fed Signals Extended Tightening
US job growth slows as the Fed signals prolonged high interest rates, keeping market sentiment cautious.
The US labor market showed signs of slowing down, with job growth decelerating in recent months. The Fed's stance remains hawkish, signaling that interest rates will stay high for an extended period. This has created caution in the market, with investors fearing that sustained high rates could suppress economic growth.