Stocks fall as strong jobs report raises rate hike prospects
The Korea Times2 newsrooms in 2 countries
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Picture: The Korea Times
U.S. stocks fell and Treasury bond yields mostly rose Friday after the government reported that employers unexpectedly added 162,000 jobs last month. The surprise increase in hiring could give the Federal Reserve leeway to raise its benchmark short-term interest rate to fight inflation when central bank policymakers meet later this month. The S&P 500 fell…