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US Worker Productivity Boosts Inflation Fight
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Strong US worker productivity keeps labor costs in check in the fourth quarter, aiding the Federal Reserve's fight against inflation. Labor market momentum is fading, and compensation costs rose at the slowest pace since 2021. The US central bank left interest rates unchanged, while U.S. Treasury prices rose and the dollar advanced. Job cuts jumped by 136% in January, and construction spending increased in December.
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How does the Federal Reserve's decision to leave interest rates unchanged affect the US economy and financial markets?
How might strong worker productivity continue to impact inflation and labor costs in the future?
What are the potential implications of job cuts and construction spending for the overall economy?
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