U.S. economy forecast to create 238,000 jobs in March. The Fed wouldn’t be happy.

U.S. economy forecast to create 238,000 jobs in March. The Fed wouldn’t be happy.

Normally a big increase in new U.S. jobs is cause for celebration. Not right now.

The Federal Reserve sees a tight labor market as a big obstacle in getting high inflation under control and wants hiring to slow as soon as possible, but it might not get its wish in March.

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