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Slower, but strong US job growth expected in February
U.S. job growth likely slowed in February after two straight months of robust gains, but the labor market probably remains too strong for the Federal Reserve to consider cutting interest rates by June as currently anticipated by financial markets. The Labor Department's closely watched employment report on Friday is also expected to show the unemployment rate unchanged at 3.7% for the fourth consecutive month and the annual increase in wages only slowing marginally. The labor market is supporting the economy, which is outperforming its global peers. Fed Chair Jerome Powell told lawmakers this week that rate cuts ... (full story)