Inflation (Economics) – Page 110

U.S. Job Growth Eases, but Is Too Strong to Suit Investors

The gain of 263,000 was shy of recent monthly totals but still robust. Stocks fell on fears of a harder, longer Fed campaign to fight inflation.

There are reasons for optimism about inflation.

Despite slowing slightly, wage growth remains strong. Fed officials are likely to see that as a green light to stay focused on cooling the economy.

The Federal Reserve, like many central banks, sets policy with an eye on the domestic economy. Its battle to control prices is causing pain abroad.

We really don’t want the Fed to do a Lee County.