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The jobs report was likely distorted and there’s plenty of room for the Fed to taper rate rate hikes and pause in the first quarter of 2023, JPMorgan Asset Management chief strategist says

The November jobs report was likely distorted, and there’s plenty of room for the Federal Reserve to taper rate hikes and pause them in the first quarter of 2023, according to JPMorgan Asset Management chief strategist David Kelly. “I think beneath the surface there is more weakness here,” Kelly …

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