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Surveillance: Below-Forecast US Jobs Data

Bloomberg Surveillance

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The Fed's Failure to Control Inflation

Inflation, that's one component of inflation. But we need to get that under control. The other components of inflation will determine how long the Fed is forced to maintain that elevated level of rates. We saw some higher unemployment, some jumps in unemployment among minorities and also on the education basis as well. Do you buy it or is there a different story here?

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