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November jobs report gives the Fed 'room to cut,' Megan Leonhardt says

The November Jobs Report, as discussed by Megan Leonhardt, indicates a robust yet cooling labor market, providing the Federal Reserve with potential leeway to adjust its monetary policy. The report highlights a decrease in job growth to 199,000 new jobs, which is lower than the previous month but still signifies a strong labor market. Unemployment remained steady at 3.7%, and wage growth slowed slightly, suggesting that inflationary pressures might be easing. Leonhardt notes that this scenario could allow the Fed to consider cutting interest rates to stimulate economic activity without reigniting inflation, as the balance between job creation and wage increases seems to be aligning with the Fed's goals of achieving a soft economic landing.

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[ https://www.msn.com/en-us/money/other/november-jobs-report-gives-the-fed-room-to-cut-megan-leonhardt-says/vi-AA1vq5Yk ]