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Surprise U.S. Jobs Report
Hiring unexpectedly surged, and the nation’s unemployment rate fell to a 53-year low.
Strong Dollar Wipes out Record $43 Billion in Profits
Kyriba’s quarterly “Currency Impact Report” shows North American companies losing 26% more in Q3/2022 than in Q2/2022.
Powell Says Further Rate Hikes Are Needed
“We think we are going to need to do further rate increases. The labor market is extraordinarily strong,” Powell said Tuesday.
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