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Another big Fed rate hike likely, but worst may be over for markets
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Shoppers at a sneakers convention in Miami, Florida, last month.
PHOTO: AFP
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SINGAPORE - The latest US job numbers have put paid to dire predictions that America is hurtling into a recession.
But with figures showing a more-than-expected 372,000 US jobs added last month, markets are now looking at a possible second 75 basis-point hike later this month, followed by another in September.
