Does Strong Jobs Data Equal Further Rate Hikes?

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U.S. markets strengthened as the latest monthly jobs data revealed the economy is humming along. Government data revealed the U.S. economy added 223,000 new jobs in May, with the average hourly earnings up 0.3% after rising 0.1% in April, both exceeding estimates. In contrast, economists showed average forecasts of 188,000 jobs and a 0.2% rise [...]

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