While you were sleeping: US jobs boost rate bets

Wed, 08 Mar 2017

By Margreet Dietz March 9 (BusinessDesk) - The US dollar strengthened as better-than-expected jobs data cemented bets Federal Reserve policy makers will lift interest rates next week. The ADP National Employment report, produced by the ADP Research Institute and Moody’s Analytics, showed US private payrolls rose by 298,000 jobs in February, the largest increase in nearly three years and far exceeding economists’ expectations. "Powering job growth were the construction, mining and manufacturing industries," Mark Zandi, chief economist...

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