Jobs Data Threatens Outlook for Interest-Rate Increases
Bloomberg reported that the dollar slid for a third week, capping the longest streak of losses in almost a year, as a report showing cracks in the U.S. labor market threatened the outlook for interest-rate increases.
Bloomberg noted that American companies added 126,000 jobs in March, almost half the 245,000 median estimate of 98 analysts surveyed by Bloomberg News.
Bloomberg said the Fed is weighing data for signs the U.S. economy can weather higher borrowing costs as global growth stalls.
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