"New Federal Reserve News Agency": The January employment report is unlikely to change the Federal Reserve's wait-and-see attitude
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Non-farm payroll data shows that while the labor market is slowing, it remains healthy, providing no additional room for the Federal Reserve to cut interest rates. Nick Timiraos stated that the January employment report is unlikely to change the Federal Reserve's wait-and-see attitude. The Federal Reserve is currently focused on evidence of inflation returning to target levels, and the employment market is not expected to be a source of inflationary pressure in the short term. If the employment market slows further in the future, it may reignite discussions on interest rate cuts by the Federal Reserve
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