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US job growth beats expectations, taking pressure off Fed cuts

Por: Politico Business January 05, 2024

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The U.S. economy in December added 216,000 jobs, exceeding economists’ expectations and giving the Federal Reserve another reason to tap the brakes on the fervor for interest rate cuts. Friday’s Labor Department employment report is the most significant snapshot of the U.S. jobs picture since the Fed signaled last month that it was done hiking rates amid mounting evidence that inflation is declining. The pivot helped fuel a year-end stock... + full article



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