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Analyst: Federal Reserves Face a Dilemma as Latest Jobs Report Deviates from Expectations
Svmuu News: Brian Jacobsen, chief economist at Annex Wealth Management, said the latest nonfarm payrolls data was deeply disappointing and fell short of expectations.The data in the report leaves no room for sugarcoating; the rise in the unemployment rate, coupled with a sharp increase in oil prices, will fuel traders’ concerns about the risk of stagflation. Federal Reserve: Should it take measures to support the job market, or maintain the status quo—or even threaten interest rate hikes—to curb inflation expectations? It faces a dilemma. (Jin Shi)
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