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U.S. Jobs Report to Offer Litmus Test for Fed After Rate Cut

  • Markets may be cheered by data that are weak, but not too weak
  • Powell indicated Fed isn’t starting long series of easing
An assembly line worker loads cast iron cookware into machinery at a factory in South Pittsburg, Tennessee.
Photographer: Luke Sharrett/Bloomberg
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The next U.S. jobs report is more likely to embolden the Federal Reserve to keep this round of interest-rate cuts short and sweet, rather than validate investor views that the economy needs significantly more monetary easing.