U.S. jobs gain of 224,000 tops forecasts, dilutes Fed-cut case

WASHINGTON – U.S. hiring rebounded in June and topped all estimates of economists, a sign of labor-market strength that may ease calls for a Federal Reserve interest-rate cut. Stocks fell while Treasury yields and the dollar advanced. Payrolls climbed 224,000 after a downwardly revised 72,000 advance the prior month, according to a Labor Department report Friday.…

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