Dow futures slide 200 points after strong jobs report likely to keep Fed in hiking mode

75 basis point hike in September is almost a done deal, Shah says The stronger-than-expected July jobs report means that the Federal Reserve will likely raise interest rates by three-quarters of a percentage point at its next meeting, as opposed to the half-percentage-point hike markets expected, Seema Shah, chief global strategist at Principal Global Investors, …

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