White House counts jobs report as a win, though inflation path – and interest rate cuts – far from certain ahead of November ...Middle East

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By Kayla Tausche, CNN (CNN) — The creation of 175,000 jobs in April by US employers has been termed a “Goldilocks” report by leading economists: Creating enough jobs to keep the labor market humming along healthily, but slowing down enough to signal it might be time for the Federal Reserve to begin cutting interest rates. Within the walls of the White House, it was seen the same way, stoking relief among officials, who said the data hewed near the team’s own targets for ideal job creation. “We’re very close to that,” one official told CNN, requesting anonymity to describe private deliberations. The US economy has consistently posted blockbuster jobs growth in recent months, surpassi

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Last updated : 04 May 2024 clock 01:52 AM

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White House counts jobs report as a win, though inflation path – and interest rate cuts – far from certain ahead of November ...Middle East

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