![]() “The labor market seems to have plateaued with today’s news slightly better than expected, but mostly in line with projections. Despite that headwind, the economy and the job market are still expanding. ![]() The Fed has raised its key short-term rate from near zero to about 5.4%, a 22-year peak, leading to higher borrowing rates for consumers and businesses and lower inflation. The job market is gradually decelerating along the lines that Fed officials have wanted to see.
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