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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

Wall St Falls as Labor Market Resilience Spurs Rate Hike Worries

News - Middle East: US stock indexes fell on Thursday after data pointing to a tight labor market sparked worries that the Federal Reserve will continue with its aggressive rate-hiking cycle that could potentially tip the economy into a recession.


The Labor Department's report showed a surprise fall in US weekly jobless claims, highlighting labor market resilience in a higher interest rate environment.

The report did not change expectations that the Fed will further scale back the size of its interest rate increases next month, hopes of which were sparked by a slump in retail sales in December and a retreat in inflation in the previous session.

A separate survey of goods producers showed on Thursday manufacturing activity in the mid-Atlantic region softened again in January, while data from the Commerce Department confirmed that the downturn in the housing market persisted.

#US #Wall Street 23-01-20
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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

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