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Markets rethink US rate cuts after bumper day for tech profits and jobs

The US dollar surged and the yield on US government bonds jumped on Friday after bumper US jobs data combined with surging tech profits effectively banished fears the world’s biggest economy was facing possible recession.

International Business: US job growth accelerates as wages post solid gains

International Business: US job growth accelerates as wages post solid gains
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US jobs December 2023: Payrolls and wages surge

The blockbuster report highlights a US labour market that’s been instrumental in powering consumer spending and keeping the economy on its expansion path.

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