News
Jobs Report Keeps Fed Guessing About Rate Hike Decision
The Federal Reserve
US job growth slowed in January, but unemployment hit an eight-year low and wage growth is up, keeping the Fed guessing about the right hike call for its March meeting.
On one hand, .5% wage growth and 4.9% unemployment could spur the inflation the Fed needs to raise rates, but weak job creation points to a slowing economy, The Wall Street Journal reports.
