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Australia: ABS revises job growth modestly lower

FXStreet (Bali) - In its quarterly labour force data review, the ABS (Australian Bureau of Statistics) has revised the Australian employment data, by adjusting the jobs growth in the last 18 months modestly lower, in the year to July now estimated at 213,000 (was 244,000 previously), while keeping the unemployment rate unchanged.

Fed should delay rate hike - World Bank chief economist

The Financial Times is running a story on World Bank chief economist Kaushik Basu warning that the Federal Reserve should postpone a much-anticipated rate hike to prevent “panic and turmoil” in emerging markets, Mr Basu told the FT.
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