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September 28, 2022
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Business

Euro zone yields fall as US payrolls seen easing rate-hike pressure

Published by
Reuters UK

By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Euro zone government bond yields fell on Friday, falling in line with U.S. peers, after a closely watched U.S. employment report showed unemployment rising and job growth slowing in August. U.S. employers hired more workers than expected in August, but moderate wage growth and a rise in the unemployment rate to 3.7% could ease pressure on the Federal Reserve to deliver a third 75 basis point interest rate hike this month. “With wage growth coming in lower than expected it (the jobs data) points to a slower pace of rate hikes after September’s e…

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