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Fed Won’t Flinch as Labor Market Starts Tailing Off

  • Payrolls likely to show smallest increase in just over a year
  • Bank of Canada hike due, euro-area inflation may hit record
A server works at a restaurant in Philadelphia, Pennsylvania.

A server works at a restaurant in Philadelphia, Pennsylvania.

Photographer: Kriston Jae Bethel/Bloomberg
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The upcoming US jobs report is projected to show the labor market, while still tight, may be starting to transition to more moderate payrolls growth from out-sized monthly advances.