ARK Invest founder Cathie Wood has moved to calm investor concerns about potential Federal Reserve interest rate hikes following a stronger-than-expected U.S. jobs report. While many market participants viewed the latest employment data as a sign that inflation could accelerate, Wood argues that the economic picture is being misunderstood. According to the latest nonfarm payrolls report, the U.S. economy added 172,000 jobs, significantly above expectations of 88,000. Previous months were also revised upward by an additional 93,000 jobs. Meanwhile, wage growth remained relatively moderate at… Read more
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