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What Friday's jobs report means for Fed's inflation fight

Por: Associated Press Business October 07, 2022

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WASHINGTON (AP) — For most Americans, Friday’s was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose. Yet for the Federal Reserve, the jobs figures highlight how little progress they’re making in their fight against inflation. With the Fed more likely to keep raising borrowing costs rapidly, the risk of recession will also rise. Employers did and average wage gains... + full article



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