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US Non-farm Payrolls (NFP) pose a significant blow to the Fed's hawkish stance.
According to ChainCatcher news, Jin10 reported that Renaissance Macro analyst Neil Dutta stated that the latest US Non-farm Payrolls (NFP) data is a comprehensive defeat for the policy hawks and the economic growth long positions. He quoted Powell as saying that it is time to unleash the power of the strong monetary policy in the United States.