US Inflation Eases and Job Market Resembles Pre-Pandemic Conditions, According to Fed Report
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#acf2919b ver:1.6

US job market resembles pre-pandemic conditions as inflation eases, according to Fed report. Labor demand and supply are balanced, similar to pre-pandemic tight labor market. However, job growth is slowing and unemployment rate is rising. Fed may consider interest rate cuts if price pressures continue to ease. The labor market is at a potential inflection point, with fewer job openings and decreased employee quits. The Beveridge Curve has returned to pre-pandemic position, validating the idea that elevated job openings can lead to inflation reduction without significant rise in unemployment. The US government's monthly jobs report for May will provide further insights into labor market normalization....

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