An unexpected job surge confounds the Fed’s economic models (access required)

By: The Associated Press February 8, 2023 Comments Off

Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the U.S. economy's robust job gains out of concern that employers, desperate to hire, would keep boosting pay and, in turn, keep inflation high. But January’s blowout job growth coincided with an actual slowdown in wage growth. And it followed an easing of numerous inflation ...

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An unexpected job surge confounds the Fed’s economic models

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