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As Employment Report Comes in Strong, Expect Fed to Increase Rates

As Employment Report Comes in Strong, Expect Fed to Increase Rates

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Jobs data and reports continue to come in strong, with the February employment report indicating that nonfarm payrolls have risen the fastest since July 2021. Continued strong pressures from wages and jobs will maintain inflationary pressures, almost guaranteeing a short-term rate increase later this month by the Fed, blogs David Berson, chief economist at Nationwide.

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