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On the SPOT™ blog (06/02/2023) [L..]

Looks like markets will finish the day in green today as all three major indices seem to be rallying following +ve news. Senate passed the debt ceiling bill so next it will be signed by President Biden thereby ending debt ceiling issue for next two years. Jobs report data seemed mixed in that unemployment rate increased more than estimated but so did the new jobs added. Job additions was broad based so economy looks robust and that perhaps gives Feds options to choose whether to pause or continue to raise rate in this months' FOMC meeting.

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