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Wages Climb Rapidly, Defying Fed’s Hopes as it Fights Inflation

Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek

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Federal Reserve System, Hiring and Promotion, Inflation (Economics), Interest Rates, Labor and Jobs, Powell, Jerome H, United States Economy, Wages and Salaries
←U.S. employers added 253,000 jobs in April.
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