The January Jobs Report Just Made the Fed's Task More Difficult
The labor market continues to be a thorn in the Federal Reserve's side because it just won't cooperate with expectations.
The Federal Reserve has been pretty consistent in saying that it needs to see some deterioration in the remarkably tight labor market in order to know that it is winning its war on inflation and can stop its aggressive interest rate-hiking campaign.
But despite signs of easing inflation, the labor market continues to look quite strong, with unemployment at historic lows. The January jobs report has only made the Fed's task of combating inflation more difficult. Here's why.
Source Fool.com
