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US Hiring Slowdown and Wage Growth Cooling: Impact on Fed and Inflation
US Hiring Slowdown and Wage Growth Cooling: Impact on Fed and Inflation
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US Labor Market
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US hiring slowdown may push Fed to forego another rate hike as labor market cools. Wage growth cools, indicating easing inflationary pressures. Fed's favorite inflation indicator tumbled in June, but wage growth reaccelerated.
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How might the US labor market cooling affect other economic indicators?
What factors contributed to the wage growth cooling?
What implications does the Fed's favorite inflation indicator tumbling have for monetary policy?
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