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The Job Openings Report Could Give Us More Confusion
The job story is a big part of what the Fed is looking at when they determine when it's time to stop raising rates. FedEx said on Wednesday, they're going to cut its officer in director ranks by more than 10%. And again, they're using broad cost reduction efforts to reduce staffing levels. The other enigma was today's first time job was claims, right? That's got to be the lowest number in years.
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