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  • Jul 3 US Payrolls rise by 147K, signaling strong jobs report, reducing Fed interest rates cut chances in July

Jul 3 US Payrolls rise by 147K, signaling strong jobs report, reducing Fed interest rates cut chances in July

$OPFI $MNDY $JOBY

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“The US Government removed restrictions on chip design software to China, making it better for $SNPS ( ▲ 4.9% ) and $CDNS ( ▲ 5.1% )  😊 😋

Markets did well in a shortened day

US Payrolls increased by 147K in sharp contrast to yesterday ADP payroll and jobs data, still signaling a strong economy, but a slowing one. With the unemployment rate falling to 4.1% the jobs report gave no clarity to the Fed, which will not likely cut rates in July.

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