"The jobs data provides a huge relief for investors fearing the Fed raising rates by half a percent," Bryce Doty, senior portfolio manager at Sit Investment Associates, said in a note."Given Fed Chair [Jerome] Powell's fear of higher wages causing inflation, this should calm that fear."
Powell's congressional testimony this week spurred expectations the Fed would speed up rate increases at its March 21-22 meeting from 25 basis points at its previous meeting.
All speculation
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