US stock market new 2022 low more hawkish rate hikes

The stock market is headed for a new 2022 low in October after strong jobs report strengthens the Fed's case for more hawkish rate hikes, BofA say

The inventory marketplace is poised to make a brand new low in October

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after September's sturdy jobs report, in keeping with Bank of America.

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The US economic system introduced 263,000 jobs remaining month, and the unemployment charge dipped to 3.5%.

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"Only query for buyers is difficult touchdown or smooth touchdown in 2023

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we are saying difficult touchdown," BofA said.

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US shares are poised to make a brand new low in October following September's sturdy jobs document,

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The US economic system delivered 263,000 jobs ultimate month, besting estimates of 255,000,

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the unemployment fee dipped to 3.5% from 3.7%.

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The jobs document best strengthened the Federal Reserve's

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policymakers want to maintain to hike hobby fees to melt the economic system and tame inflation

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