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  • Jeanna Smialek and Ben Casselman

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Retirees Are One Reason the Fed Has Given Up on a Big Worker Rebound

Workers are in short supply three years into the pandemic job market rebound, and officials increasingly think they aren’t coming back.

Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly

The Federal Reserve’s preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.