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Here's why good jobs news is bad news for the Fed and the stock market

Summary by Ground News
Friday's solid jobs report reignited concerns that the Federal Reserve will continue on its unprecedented campaign of hiking interest rates. The central bank has been trying to slow the economy through a series of aggressive rate hikes. Demand for workers feeds into higher inflation as companies raise pay to attract talent and retain it.

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  • 75% of the sources lean Left
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Invezz broke the news in on Friday, October 7, 2022.
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