Weekly Economic & Financial Commentary: FOMC’s Job Not Yet Done

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Weekly Economic & Financial Commentary: FOMC's Job Not Yet Done

Summary United States: Jobs Day Fireworks to Start 2023 During January, payrolls jumped by 517K, the unemployment rate fell to 3.4% and average hourly earnings rose by 0.3%. The FOMC raised the fed funds target range by 25 bps to 4.5%-4.75% this week. The ISM services index rebounded to 55.2 in January, while the ISM […]

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