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The Numbers

US Payroll Beat Unlikely To Shift Divided FOMC

by Felix-Antoine Vezina-Poirier, Chief Strategist  

September’s stronger-than-expected jobs report is unlikely to sway a divided FOMC, but labor market trends remain weak beneath the headlines. Nonfarm payrolls rose 119k after a downwardly revised -4k in August, but net revisions subtracted 33k from prior…

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