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The scales have tipped in the US Federal Reserve’s (Fed) long-running balancing act between taming inflation and promoting full employment. With September’s quarter-point interest rate cut, the first such move in nine months, Fed officials appear to have made the labour market a key concern.
Despite signs of rising inflation, the Fed reduced its key policy rate following a series of weak job reports and growing concerns that many companies are not hiring amid the economic uncertainty posed by tariffs and trade disputes.
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