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The Report That Sealed the Fed's Hand
Manage episode 504642877 series 3367197
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August's jobs report delivered a whisper of weakness: just 22,000 new payrolls, rising unemployment, and downward revisions that suggest a labor market losing steam. Yet in the alchemy of Wall Street, what looks like softening for workers is transmuted into relief for investors, who see in the slowdown not danger but the near certainty of cheaper money.
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