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Surveillance: US Jobs Data Gives Mixed Signals

Bloomberg Surveillance

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The Fed's Toolbox Is in Conflict

The S&P 500 is back up high by eight tenths of 1%. That move at the front end has faded back to basically where it was going into the print. The Fed will be heartened that we're not seeing an acceleration in the wage growth. But it is hoping that that is not going to rise, and it's hoping that it may come down a bit as they try to bring inflation down.

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