Lower-income groups are bearing the brunt of inflation, tepid job market
For now, the U.S. job market appears stuck in a “low-hire, low-fire” state
Concerns about high costs, slowing job market, are growing
Rise could push Q3 growth to 3%, but job market remains sluggish
Lack of economic data may prompt Fed to skip December rate cut
They argued that inflation remains stubbornly elevated, economy is resilient
U.S. central bank points to slowdown in labour market in decision
Fed officials see room to cut from current 4.1% policy rate
BlackRock's Rick Rieder among the candidates to replace Jerome Powell in May
Central bank tasked with making decisions without key inflation, jobs data