Market views differ on interest rate outlooks amid soft US jobs data

U.S. employment data for June showed an increase of only 57,000 jobs, falling short of expectations of 110,000 jobs. The weak data has led to divergence in market expectations regarding the Federal Reserve's policies, with a 45% chance of holding interest rates steady at the September meeting. Attention is focused on the Open Market Committee's decision on July 29, amidst warnings that inflationary pressures may persist despite the slowdown in the labor market.

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