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Solid U.S. labour market data = interest rate hike by the Fed in June?

06 March 2015 Konstantin Meinhardt

The U.S. Labor Department released the labour market data today. The U.S. economy added 295,000 jobs in February, exceeding expectations for a rise of 241,000 jobs, after a gain of 239,000 jobs in January.

The U.S. unemployment rate fell to 5.5% in February from 5.7% in January, beating forecast of a decline to 5.6%. That was lowest level since May 2008.

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Market focus

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  • Chinese Premier Li stresses implementation of larger-scale tax cuts
  • Euro area current account surplus increased in January compared with December.

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