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U.S. job growth blows past forecasts, setting stage for Fed rate hikes
The U.S. economy added 172,000 jobs in May, nearly double economists’ expectations, strengthening the case for Federal Reserve rate hikes this year. The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin BTC$62,300.09 remained under pressure following the report, trading below $62,000 as the broader crypto...
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