Global Stocks Fall as U.S. Rate-Cut Prospects Recede

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Global Stocks Fall as U.S. Rate-Cut Prospects Recede
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Friday’s better-than-expected U.S. jobs numbers for June dented expectations for a large reduction in rates at the Fed’s policy meeting later this month

On Friday, data showed U.S. employers added a better-than-expected 224,000 jobs last month, denting investors’ expectations for a large reduction in rates at the Fed’s policy meeting later this month. U.

S. stocks retreated slightly and Treasury yields rose.
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