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Powell says he sees path where inflation cools without significant job losses

Por: MarketWatch Politics June 22, 2023

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Powell said the labor market is gradually cooling and “that’s what we would want to see.” Economists say the biggest surprise of the U.S, economy this year has been the continued strength of the labor market despite the Fed’s rapid pace of rate hikes over the past 15 months. On the one hand, economists say the resilient labor market means the Fed’s tightening of monetary policy will result in a “soft landing” or a “mild... + full article



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