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On the SPOT™ blog (07/07/2023) [V..]

Jobs report from this morning showed that lesser number of jobs were added than expected. It also showed that wages grew more than estimated. On one hand, it looks like there is some cooling of employment number albeit unemployment rate remains at historic lows and on the other hand, wages seem to be still growing. This could mean that inflation control is still tough and Feds might likely raise rate in later half of this month's FOMC meeting (remains to be seen). All three major indices appear to be near the flat line this morning (PST) with Dow in slight red and S&P, Nasdaq in green.

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