Asian markets tumble after underwhelming jobs data stokes fears over recession in US

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HONG KONG, Sept 9 — Asian markets tumbled today after another batch of worse-than-expected US jobs data revived fears ab...

Meanwhile, Chicago Fed boss Austan Goolsbee told CNBC: “It raises some serious questions, not just about this meeting, but over the next several months.“How do we make an effort to not have things turn into something worse.

Traders have been on edge since the July figures, which helped spark a market rut on speculation that the Fed may have waited too long to cut borrowing costs as it focused on bringing inflation down.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaHong KongIndiaOmanUnited States

Topics: Asian markets Sahm rule US jobs data

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 11:18:22 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22421260

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