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International Business Times
International Business Times
Business
AFP News

Asia Markets Take A Hit As Blockbuster US Jobs Batter Rate Cut Hopes

United States Jerome Powell Asia US Federal Reserve Jobs Report
The bigger-than-expected print on US jobs has blown a hole in hopes for an early interest rate cut (Credit: AFP)

Asian markets mostly fell Monday after a forecast-busting US jobs report and comments by Federal Reserve boss Jerome Powell shattered any remaining hopes for a March interest rate cut.

Decision-makers left traders disappointed last week when they said after their latest meeting they were unlikely to loosen policy at their next gathering.

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