Sunday, July 14, 2024

Global Economy Updates: Job Growth in US, Taiwan Earthquake Effect

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The US labor market defied projections with the biggest jump in payrolls in nearly a year, increasing the likelihood that the Federal Reserve will delay interest-rate cuts. Meanwhile, the worst earthquake in Taiwan in 25 years briefly halted semiconductor industry operations, but the leading player expected a quick recovery, with the country’s technological advancements keeping damage and casualties relatively low.

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