Fed unlikely to scale back stimulus just yet

Poor US jobs report could stop Fed from announcing tapering too soon, analysts say

US unemployment has fallen to 5.2 million while wages have risen 4.3 per cent. PHOTO: AFP
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SINGAPORE - Given all the fears about a tapering by the US Federal Reserve amid an economic recovery, one would have thought the disappointing US jobs report would - in an ironic way - cheer the market.

Instead, Wall Street indexes generally ended last week lower as the August non-farm payrolls announced last Friday came in at 235,000, way below expectations of 720,000.

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