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US ADP private payrolls add 38K in Aug, lowest since Jan

US ADP private payrolls rose by 38,000 in August, the lowest since January and below expectations, cooling bets on a September rate hike. Fed’s New York chief said inflation trends slowly downward as tariff effects fade. Oil price gains paused, easing inflation worries, helping US stocks end a three-day losing streak; Dell surged 16%.

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