Daily Market Update 8/4/17

Rates inched higher Friday following the release of stronger than expected employment data.  This morning, the Labor Department reported the economy added 209,000 jobs in July, above the consensus forecast of 180,000.  The Unemployment Rate fell to 4.3%, to the lowest level since 2001.  Average Hourly Earnings grew by 0.3%, matching expectations, and were 2.5% higher than one year ago.  Stocks moved higher.  No other key data will be released today.

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