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Strong US Jobs Report Kills Hope of Fed Rate Cuts Any Time Soon
CNBC·Tuesday, 9 June 2026
A strong US jobs report for May has swept aside the possibility of interest rate cuts from the Federal Reserve in the near term. The report puts Fed Chair Warsh in a difficult spot as he faces key policy decisions. Markets had been hoping for rate relief, but the data points the other way.
Why It Matters
When the US Federal Reserve keeps rates high, it affects capital flows globally — money tends to stay in the US and away from emerging markets like India.
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