Wall Street rally hits wall of hot jobs, cold earnings numbers
NEW YORK- Wall Street's big rally to start the year wilted on Friday after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. The bond market was more decisive in thinking the strong jobs data could push the Federal Reserve to stay firmer than expected on high interest rates, which hurt the economy and markets.
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More rate hikes expected in the U.S. due to labor strength
Social Security and Medicare need to be stabilized
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