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Jobs Report Gives the Fed No Reason to Cut Rates
The August jobs report came in stronger than expected, keeping the labor market on solid footing and raising more questions about whether the Fed can justify leaving rates unchanged.
Chuck Zodda and Mike Armstrong discuss why 162,000 jobs added in August reinforces the view that the labor market is not the problem facing the economy, and why the Fed’s next decision may come down to whether inflation remains too high. They also break down President Trump’s call for lower interest rates, why stronger growth does not automatically mean lower Treasury yields, diesel prices hitting a new all time…
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