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Fed holding pattern to persist, unless jobs data is spectacular or disastrous
Published Sun, Aug 2, 2015 · 09:50 PM
US stocks rose slightly last week and last month as traders bet the Federal Reserve would hold off on interest-rate hikes for a few months. The holding pattern will persist this week, unless employment data on Friday is spectacular or disastrous.
US stock traders call the day of a central-bank policy announcement a "Fed day". This year has effe…
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