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The US labor market smashed expectations last month in a surprise hiring pick-up, government data showed Friday, with a resilient jobs market likely good news for President Joe Biden in election year.Despite positive data in recent months, the president has struggled to persuade voters over his handling of the economy as he campaigns for a second term in the White House.
The US labor market smashed expectations last month in a surprise hiring pick-up, government data showed Friday, with a resilient jobs market likely good news for President Joe Biden in election year.
US stock markets suffered heavy losses on Wednesday on the back of poorly received results from tech heavyweights and comments from the Federal Reserve which said that interest-rate cuts are not yet imminent.
The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, while indicating it was moving toward future cuts -- but probably not before May
The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting and said it was moving toward cuts -- but not just yet