US Inflation Higher Than Expected in August, Bitcoin Dips 4%

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US Inflation Higher Than Expected in August, Bitcoin Dips 4%

The jobs report earlier this month revealed that the labor market, although still robust, is starting to slow amid rising labor costs, which signals t

The jobs report earlier this month revealed that the labor market, although still robust, is starting to slow amid rising labor costs, which signals that the Fed’s policy changes are starting to take effect. But with a still very strong labor market and high inflation, there is little reason for the Fed to stop its aggressive approach just yet.

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