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Fed seen skipping Oct rate hike as job market cools
NEW YORK: Federal Reserve policymakers on Friday got more reason to wait before raising interest rates again to fight inflation, after government data showed job gains are slowing and the unemployment rate ticked up. It was the last broad read of the US labour market before November elections that will determine whether President Donald Trump’s Republican party keeps control of both houses of Congress. A rising cost of living amid both elevated inflation and higher borrowing costs has put voters in a sour mood about the incumbents’ handling of the economy, though economic growth overall has be...
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