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US interest rate hike expectations fall
Market participants have lowered their expectations for a Federal Reserve interest rate increase in July after the US employment report showed a slowdown in growth. The economy added 57,000 jobs in June, below initial forecasts, and May's data was revised to 129,000 jobs. This has reduced the likelihood of a rate hike in July to less than 20%, while expectations for a raise in September remain strong at around 60%.
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