What’s ahead for the U.S. economy?
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The Fed Paused Rate Hikes as of June
The labor market rebalancing to date has been great, but it is after all just a means to an end. The purpose of rebalancing the labor market is to dampen wage pressures and ultimately to dampen inflationary pressures. But as you said, even if inflation is moving in the right direction, it still remains very high.
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