U.S. Stocks Gain on Solid Jobs Report

Author: , Post Date: March 9, 2018
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Stocks moved firmly higher after the latest monthly jobs report showed wage growth had eased, tamping down concerns among investors that bigger paychecks could lead to a rise in inflation and force the Federal Reserve to hasten its pace of short-term interest rates to tame it.

“It’s a fantastic report for the economy,” said Ed Keon, a portfolio manager with QMA. “And the tick down in wage growth means the fears some people had about inflation may be too soon.”

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