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Jobs Surge, Fed Watches Inflation | Minneapolis News
Published 1 day, 15 hours ago
Description
Big job gains in August—162,000 new hires, way above expectations—signal a strong rebound, especially in hospitality and education. Unemployment holds steady at 4.1%. But while this good news could push the Fed toward rate hikes, they’re still watching inflation closely, with the CPI report looming. Fed Chair Warsh says the labor market’s on track overall, but cooling prices remain their top priority.
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