Fed Rate Cuts Expected After Weak Jobs Report

The US dollar index dropped as Treasury yields fell after a disappointing August jobs report showed only 22,000 nonfarm payrolls added, far below the expected 75,000.

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The US dollar index dropped as Treasury yields fell after a disappointing August jobs report showed only 22,000 nonfarm payrolls added, far below the expected 75,000, with the unemployment rate rising to 4.3%, the highest since October 2021.

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