Central Banks
Fed Gets ‘Goldilocks’ in Jobs Report: Slower Wage Growth, Solid Hiring
- Unemployment rate at 3.5%, cooling wage growth in December
- Jobs report seems like ‘Goldilocks print:’ Bloomberg economist
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Hopes the Federal Reserve can tame inflation without widespread job losses mounted Friday after a government report showed robust hiring and a historically low unemployment rate paired with a cooling in wage growth.
In some respects, the December jobs report offered a best-case scenario for the Fed — Americans keep their jobs but inflationary pressures of earnings are easing — giving policymakers room to slow the pace of interest-rate hikes.