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On the SPOT™ blog (10/06/2023) [L..]

Bureau of Labor Statistics released its non-farm payroll numbers this morning and it showed that US economy added more jobs in September than estimated. This is obviously a good news for the economy and perhaps makes things harder for the Feds to curb inflation. Unemployment rate held steady and wages showed modest growth. All three major US indices seemed to have started the day in the red but looks like bargain hunters have pulled all three major US indices into the green this morning (PST) shrugging off the rate hike and tight fiscal policy duration worries.

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