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The logic of a Fed policy pause and then rate cuts in 2024

The logic of a Fed policy pause and then rate cuts in 2024

After nearly two years of raising the federal funds rate to restore price stability, the Federal Reserve has all but declared an end to that campaign.
Why excess labor demand is unhealthy

Why excess labor demand is unhealthy

The economy is fewer than 1 million jobs from reaching its pre-pandemic level. Yet there were a record 11.55 million job vacancies.