The White House has embraced signs that the economy is strong. For the Fed, that strength could prolong its fight against inflation.
Tag: Inflation (Economics)
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U.S. Hiring Surges With January Gain of 517,000 Jobs
The report defied expectations and underscored the challenges for the Federal Reserve, which is trying to cool the labor market to fight inflation.
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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.
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The strong hiring suggests more work ahead for the Fed.
The Fed made it clear that it is tracking incoming labor figures as it figures out how high interest rates need to go.