People arrive for a job fair in Fort Worth, Texas, in March last year. The US labour market has remained resilient despite softening in other parts of the economy, potentially complicating hopes the US central bank will ease up in its cycle of interest rate increases. Photo: TNS
People arrive for a job fair in Fort Worth, Texas, in March last year. The US labour market has remained resilient despite softening in other parts of the economy, potentially complicating hopes the US central bank will ease up in its cycle of interest rate increases. Photo: TNS
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

Why jobs will determine when US Fed changes its interest rate regime

  • While other sectors appear to be cooling off, the US labour market is showing resilience amid rising wages and a shrinking pool of workers
  • Any slowing in the pace or magnitude of the Fed’s rate increases will be closely linked to the performance of the labour market

People arrive for a job fair in Fort Worth, Texas, in March last year. The US labour market has remained resilient despite softening in other parts of the economy, potentially complicating hopes the US central bank will ease up in its cycle of interest rate increases. Photo: TNS
People arrive for a job fair in Fort Worth, Texas, in March last year. The US labour market has remained resilient despite softening in other parts of the economy, potentially complicating hopes the US central bank will ease up in its cycle of interest rate increases. Photo: TNS
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