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Strong hiring hints at more work ahead for the Fed, but wages cool.

The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek

in

Federal Reserve System, Inflation (Economics), Interest Rates, Labor and Jobs, Powell, Jerome H, Prices (Fares, Fees and Rates), United States Economy, Wages and Salaries
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