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Yellen: Wages are not a threat to contribute to inflation

Labour market now resembling conditions before the pandemicWe are creating jobs at a very rapid paceUnemployment rate has drifted up a little, labour market has become a little less hot; that is normal

Not quite the same message as the Fed but I reckon the language will be similar once Powell & co. finally decide to lean more towards rate cuts down the road.

This article was written by Justin Low at www.forexlive.com.

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