US job market may be near tipping point, research shows

As inflation fell fast in 2023 and continued to slow this year, Federal Reserve officials were cheered that the steam seemed to come out of the U.S. economy not through rising unemployment but rather a decline in the large number of job openings businesses posted during the peak of the pandemic-era labor shortage.

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U.S. Federal Reserve policy-makers see job market as key to rate-cut decisionBoston Fed President Susan Collins said on Thursday that she believes it will ‘soon’ be appropriate for the central bank to begin reducing rates
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