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Wall Street rises as jobs data reins in September rate hike bets

The Labor Department's monthly jobs report showed nonfarm payrolls rose by 151,000 last month

Reuters 

Wall Street opened higher on Friday after data showed US employment growth slowed more than expected in August, which could rule out an interest rate increase this month. The Labor Department's monthly jobs report showed nonfarm payrolls rose by 151,000 last month, while the unemployment rate remained unchanged at 4.9%. Economists polled by Reuters had forecast payrolls rising 180,000 last month. Rate hike probabilities for September and December had risen after last Friday's remarks by Fed Chair Janet Yellen that the case for raising rates had strengthened in recent ...

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First Published: Fri, September 02 2016. 19:26 IST
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