Mike Konczal says a still-firm U.S. labor market and 3% core PCE inflation are raising new questions about the Fed rate path. Payrolls averaged 71,000 monthly gains over the past 3 months, while unemployment stood at 4.1%.
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Mike Konczal says a still-firm U.S. labor market and 3% core PCE inflation are raising new questions about the Fed rate path. Payrolls averaged 71,000 monthly gains over the past 3 months, while unemployment stood at 4.1%.
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