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Fed on Track for Another Large Rate Rise After Jobs Report
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The September solid employment report is keeping the Federal Reserve on track to approve another large interest-rate increase at its meeting next month as officials seek to lift borrowing costs high enough to soften the labor market and ease inflation pressures.
Employers added 263,000 workers in September. While that marked a slight slowdown from the average pace of hiring in recent months, it is still well above the monthly gains of around 50,000 that economists think would keep the unemployment rate from falling.
Read more on wsj.comAbout this in other media
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