Bank of America was the final rate-cut holdout.

BY PHIL ROSEN, CO-FOUNDER AND EDITOR, OPENING BELL DAILY @PHILROSENN

Fed chairman Jerome Powell. Getty Images

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The August jobs report convinced Wall Street’s last rate-cut holdout to capitulate. 

The U.S. economy added just 22,000 jobs last month, below expectations for 75,000. That data was troubling enough for Bank of America to change its view from zero Fed rate cuts this year to two, in........

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