Bloomberg: Dollar and Stocks Slide, Bonds Rally With Gold After Jobs Data
June 3 -- Employers in May added the fewest number of workers in almost six years, reflecting broad cutbacks that may raise concern about U.S. growth and prompt Federal Reserve policy makers to put off an increase in interest rates. Bloomberg's Erik Schatzker reports on "Bloomberg ‹GO›."
The dollar tumbled and Treasuries rallied after employers added the fewest jobs in almost six years in May, bolstering the case for the Federal Reserve to leave interests rates lower for longer. Stocks tumbled on concern that the U.S. economy may falter.
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