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Jobs Report Expected to Undermine Calls for Rate Cuts in 2023

(Dow Jones)–January jobs report “implies another rate hike or two and then a likely pause,” AmeriVet’s Gregory Faranello tells WSJ. “At a minimal it calls into question rate cuts for this year.” Faranello notes that jobless claims data and the JOLTS report “have not suggested any weakening” in labor markets. “There have been layoffs and hiring,” he says. “For today, wages remained tamed and labor force participation increased along with job gains so a good outcome for the economy.”

By: Paulo Trevisani (;@ptrevisani)