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Apex Trader Funding (ATF) - News

Fed seen on shallower rate path after jobs report

Traders also pared expectations for the Fed to ultimately raise rates any higher than 5.5%. "This report screams soft landing and looks to be a pretty good one for the Fed," said Omair Shariff of Inflation Insights. With wage gains slowing and the unemployment rate ticking up due to more people entering the workforce even as employers added jobs, he said, "in the current environment, this is basically what the Fed is hoping to see."