The March jobs report will be released on Friday. Here’s what to expect

[ad_1] A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | Reuters Nonfarm payrolls are expected to bounce back — barely — in March as the bar keeps getting lower for what constitutes a healthy labor market. The U.S. economy is projected to show job gains of […]

Powell sees inflation outlook in check, no need to hike rates because of oil shock

[ad_1] Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. As his term leading the central bank nears an end, Powell avoided questions about the longer-term direction […]