Though the BLS's December jobs report shows an increase in job growth and wage gains that exceeded expectations, it is riddled with caveats about the strength of the labor market.
Combined with inflation that's running at the slowest pace in more than two years, today's data supports the idea that the Fed can tame price pressures without inducing a recession.
Americans are growing more optimistic about the economy, as wage gains are finally outpacing inflation and unemployment remains low. Consumer sentiment is at its highest since 2021.
DebugScreen: mobile
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"articles": [
{
"uri": "/2024/01/26/feds-preferred-inflation-gauge-cools/",
"title": "Fed's Preferred Inflation Gauge Cools",
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"prettyDate": "January 26, 2024",
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"summary": "The core PCE price index increased just 2.9% in December year-over-year, even with robust holiday spending.",
"body": null
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{
"uri": "/2024/01/08/u-s-wages-and-payrolls-pick-up/",
"title": "U.S. Wages and Payrolls Pick Up",
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"prettyDate": "January 08, 2024",
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"summary": "Though the BLS's December jobs report shows an increase in job growth and wage gains that exceeded expectations, it is riddled with caveats about the strength of the labor market.",
"body": null
},
{
"uri": "/2023/11/30/inflation-and-labor-are-cooling/",
"title": "Inflation and Labor Are Cooling",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "November 30, 2023",
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"summary": "Fed rate hikes are on hold for now, but some think inflation and the soft job market will lead to cuts in the near future.",
"body": null
},
{
"uri": "/2023/11/14/u-s-inflation-is-slowing/",
"title": "U.S. Inflation Is Slowing",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "November 14, 2023",
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"summary": "The core CPI, which excludes food and energy costs, rose just 0.2% from September to October.",
"body": null
},
{
"uri": "/2023/10/04/u-s-firms-added-89000-jobs-in-september/",
"title": "U.S. Firms Added Only 89,000 Jobs in September",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "October 04, 2023",
"timeToRead": "3 minute",
"image": {
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"summary": "According to ADP, the labor market last month added the fewest jobs since early 2021.",
"body": null
},
{
"uri": "/2023/09/28/u-s-shutdown-would-delay-key-economic-indicators/",
"title": "U.S. Shutdown Would Delay Key Economic Indicators",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "September 28, 2023",
"timeToRead": "5 minute",
"image": {
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"summary": "Missing 'gold standard' economic data will test alternatives for the Fed and others who rely on government numbers.",
"body": null
},
{
"uri": "/2023/09/13/theres-still-a-chance-the-fed-will-hike-rates-again-this-year/",
"title": "There's Still a Chance the Fed Will Hike Rates Again This Year",
"byline": "Augusta Saraiva",
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"prettyDate": "September 13, 2023",
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"summary": "U.S. core CPI rose 0.3% in August, marking the first increase since February.",
"body": null
},
{
"uri": "/2023/08/08/u-s-imports-decline-to-lowest-level-since-2021/",
"title": "U.S. Imports Decline to Lowest Level Since 2021",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "August 08, 2023",
"timeToRead": "2 minute",
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"summary": "As consumers continue to shift spending away from goods and toward services, both imports and the U.S. trade deficit are declining.",
"body": null
},
{
"uri": "/2023/08/04/wage-growth-and-low-unemployment-underpin-solid-jobs-market/",
"title": "Wage Growth and Low Unemployment Underpin Solid Jobs Market",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "August 04, 2023",
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"summary": "Combined with inflation that's running at the slowest pace in more than two years, today's data supports the idea that the Fed can tame price pressures without inducing a recession.",
"body": null
},
{
"uri": "/2023/07/28/u-s-consumer-sentiment-rises/",
"title": "U.S. Consumer Sentiment Rises",
"byline": "Augusta Saraiva",
"kicker": "News",
"prettyDate": "July 28, 2023",
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"summary": "Americans are growing more optimistic about the economy, as wage gains are finally outpacing inflation and unemployment remains low. Consumer sentiment is at its highest since 2021.",
"body": null
}
]
}
}
