Macro - Weekly Briefings - US
The March jobs report suggests the US labor market is moving into a healthier balance as softer employment growth and cooler wage inflation suggest we're nearing the end of the Fed's rate hiking cycle. But we expect another 25bps rate hike by the Fed in May since job creation remains robust and wage growth is above the rate that's in line with the central bank's 2% core PCE inflation target.
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