Indicators like a rise in initial jobless claims, a drop in open job listings, and layoff increases all suggest a slowing in the labor market — and the economy — that is consistent with the Fed being able to back off its rate hikes.
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Many economists, including Brusuelas, suspect this will indeed come to pass for the central bank. Brusuelas wrote, "it is now appropriate to begin considering a 'one and done' policy path at the Federal Reserve."
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