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Outside the Box
The next Fed chair will grapple with a deteriorating U.S. job market and slower economic growth
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The U.S. Federal Reserve will likely cut rates more this year than both central bankers and financial markets expect.
This is largely because the U.S. labor market continues to deteriorate. While job openings appeared to stabilize in October, quits have fallen, pointing to ongoing loosening. Wage growth tells the same story.
This post was originally published on Market Watch
