Unofficial Jobs Report Sends US Stocks Spiraling Over Anticipation Fed Won’t Lower Interest Rates

Jul 6th 2023 11:46am EDT

The capitalist marketplace can be a capricious beast, and on Thursday investors saw just how much so: on the heels of an unexpectedly strong jobs report by a private payroll services firm, US stocks tanked for fear of what the news might trigger elsewhere in the economy.

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