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Federal Reserve Governor Cook: Overall data suggest that inflation is still falling, and the labor market is gradually cooling

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2024-11-20 16:57:11
Mr. Cook, the Fed governor, said the headline data showed that the decline in inflation was continuing and that the labour market was gradually cooling. A pause in rate rises could occur if progress slowed and the labour market remained solid. The overall labour market remained solid; the recent weakness in growth was the result of temporary strikes and storms.
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