What the surprisingly strong jobs report means for inflation and interest rates
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U.S. employers hired 353,000 workers in January, nearly twice as many as expected. The unemployment rate remained at 3.7%. The strong jobs report indicates a robust and sustained recovery after the pandemic. The Federal Reserve's fight against inflation may be challenged by the strong economy. Inflation remains higher than the Fed's target rate of 2%. Interest rate cuts may be delayed due to the hot economy. The Fed risks a rebound of inflation if rates are cut too quickly. The next opportunity for the Fed to cut rates will be in March.

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https://abcnews.go.com/Business/surprisingly-strong-jobs-report-means-inflation-interest-rates/story?id=106895639