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The U.S. unemployment rate rose to 4.3% and added just 114,000 jobs in July – a surprise miss for the Biden economy’s labor market.
The Vault
January 31, 2024

Powell says it’s a ‘good economy,’ but March rate cut unlikely

The chair of the Federal Reserve told reporters that the U.S. economy is in a good spot but that the prospects of a rate cut as soon as March are dicey.

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