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Why May’s Jobs Data Complicates Inflation Picture for the Fed


Federal Reserve officials have signaled that they could hold rates steady at their upcoming meeting in June — pausing after a string of 10 straight rate increases to give themselves time to see how the economy is shaping up.Even after fresh jobs data released Friday showed strong hiring in May, the Fed may remain on track for that more patient approach. While employers are still adding workers, other aspects of the report — including a jump in unemployment and a slowing in wage gains — muddled any signal coming from the data.Investors seemed to think that the employment report could complicate the Fed’s upcoming decision, but not so much that they would be a game changer. Wall Street nudged up the prob …

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