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Strong job growth not enough to push Fed to get more aggressive on interest rate hikes

“Despite the eye-popping growth in payroll jobs in February, details of the report allow the Federal Reserve to stick to a gradual path of rate hikes, economists said Friday” writes Senior Economics Reporter for Scott Anderson, chief economist for Bank of the West, said he was still forecasting three rate hikes this year despite the fact that the labor market looks “hot, hot, hot.” “The risks are weighted to more rate hikes than less,” he said.But to move to four hikes, “you really need to have follow-through on wage growth and a drop in the unemployment rate,” Anderson said.

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