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Jobs Report, Bank Failure Complicate Outlook on Interest Rates

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The February employment report does little to sharply alter the economic outlook for Federal Reserve officials who are considering how much to raise interest rates at their coming meeting.But the failure of a California bank on Friday led investors on Wall Street to pare their bets that the central bank would opt for a larger half-percentage-point increase, rather than a smaller quarter-point bump, amid broader concerns about financial stability risks.

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