The U.S. labor market demonstrates resilience, with 48 months of consecutive job growth, adding 256,000 jobs in December, surpassing economists' expectations.
While labor conditions remain strong, the final stage of the inflation battle is challenging, with a need to slow inflation without major job losses disrupting the economy.
The Federal Reserve faces a more complex scenario, as it has recently reduced the federal funds rate but might pause cuts to address mounting inflation pressures.
The desire for careful monetary policy decisions emerged during recent FOMC meetings, indicating that policymakers are wary of potential risks in the labor market.
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