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The Fed’s Balancing Act: Jobs Growth, Inflation and Tapering
As we visit with investors, we are frequently asked about our outlook for the economy and how it might affect the markets in the near-term. Typically, those conversations focus on jobs growth, inflation, and the impact of the U.S. Federal Reserve (Fed) tapering its bond purchases over the coming months. As we detail below, we think that future monthly jobs reports will build on the strength we saw in the October report released in early November. A combination of factors will likely propel strengthening jobs creation in the months ahead. COVID numbers are much improved over last summer when the pace of jobs creation ... (full story)