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Still too hot for the Fed

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Sizable job gains exceeded the highest estimate from economists. AHE also exceeded forecasts. Unemployment rate edged up to the Fed's yearend forecast of 4.0%. But that was mostly due to people exiting the labor force, and not due to layoffs. This report suggests the Fed will remain patient and hold policy steady next week.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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