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Fed unlikely to scale back stimulus just yet
Poor US jobs report could stop Fed from announcing tapering too soon, analysts say
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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.
