Asian equities were mixed in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have to hike interest rates again but soothed recent worries about a possible recession. | AFP
Some commentators have even suggested that the Fed would announce cuts by the end of the year.
He added that the jobs report “was encouraging, signaling a subtle rebalancing of the labor market that again points to a soft landing”.ADVERTISEMENTExpectations for another Fed hike also lifted the dollar against its peers.
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