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Analysis-US jobs data calms market fears, but jitters on policy uncertainty dominate

A solid U.S. jobs report assuaged some swirling concerns about a rapid growth slowdown, but with policy uncertainty surging and tariff headlines keeping the outlook for risk assets murky, Wall Street sees little to cheer. U.S. job growth in February was just shy of estimates and the unemployment rate edged up to 4.1%, but investors were bracing for a more dour outcome after a recent spate of worrisome data. After a punishing selloff in stocks this week, however, markets remained consumed by uncertainty over trade policy and deep federal government spending cuts that could erode the labor market's resilience in the months ahead.

‘Trump Put’ Undercut as Tariff Flip-Flops Frazzle Stock Traders

(Bloomberg) -- It was the clearest sign yet that, this time around, the “Trump Put” may be little more than wishful thinking.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowAnd the message was delivered by none other than Donald