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Tight Labor Market Could Prompt at Least One More Interest Rate Hike, Economists Say

Tight Labor Market Could Prompt at Least One More Interest Rate Hike, Economists Say

The US Personal Consumption Expenditure (PCE) Index rose 0.2% month-on-month in July, while jobless claims were lower than estimates at 228,000, prompting speculation of an imminent pause in Federal Reserve (Fed) interest rate increases. The so-called core PCE price index that excludes food and ener

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