An unexpected, blockbuster jobs report

The US added 253,000 jobs last month, far exceeding expectations. Unemployment, meanwhile, remains at a 50-year low. And Black unemployment is at its lowest-ever level. The Fed suggested this week it might be done with interest rate hikes. But do these robust job numbers, following a three-month downward trend, threaten to undermine the Fed’s efforts to cool the economy and tame inflation? 

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