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Robust jobs data reduce doubts on June U.S. rate hike: Morgan Stanley

Job seekers fill out applications during the 11th annual Skid Row Career Fair the Los Angeles Mission in Los Angeles, California, U.S. on May 31, 2012. REUTERS/David McNew/File Photo

NEW YORK (Reuters) - Morgan Stanley economists said on Friday a “very strong” U.S. payrolls report for April reduced doubts whether the Federal Reserve would raise interest rates at its June 13-14 policy meeting.

“There wasn’t much doubt in our view before this report about a Fed rate hike in June, and there’s less now,” Morgan Stanley economist Ted Wieseman wrote in a research note.

Reporting by Richard Leong; Editing by Chris Reese

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