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US stocks rise as Treasury yields ease; Fed's Waller signals patience on rate hike
Valor Econômico·US·1 day ago
US August nonfarm payrolls came in more than three times above consensus, surprising analysts and raising the probability of a Fed rate hike as soon as September. The strong labor market data suggests the Fed may need to tighten further to curb inflation, a reversal from prior easing expectations. This development increases the risk of a hawkish surprise at the upcoming FOMC meeting.