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The Fed is watching wage growth in the services sector.

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  • The Fed will likely upsize its March rate hike if the February jobs report shows 200,00 or more jobs added, Barclays said. 
  • Fed Chairman Jerome Powell's testimony this week signaled the Fed is open to bigger moves. 
  • ADP's survey of private hiring at 242,00 was above expectations of 200,000. 

Federal Reserve Chairman Jerome Powell opened the door to upsizing the central bank's March interest-rate increase, and a strong February US jobs report due this week could pull policymakers over the threshold, Barclays said Wednesday. 

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Markets, MI Exclusive, Stocks, S&P 500, Jobs Report, Federal Reserve, Interest Rates, Yields, Bonds, economy, Jerome Powell
Source
A reading of more than 200,000 jobs added in February would be the Fed's trigge…