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【CNN】Expect more rate hikes from the Fed after the latest jobs report

【CNN】Expect more rate hikes from the Fed after the latest jobs report

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Job gains remain robust, wage growth is still going strong, and unemployment continues to hover near historic lows. That means the job market is still fueling demand in the economy, which the Fed has been trying to slow through rate hikes. And Fed officials have made it clear they think the central bank still has more work to do to bring down inflation, which is still running well above the 2% goal.

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