Strong Job Growth Continues in January While Inflation Moderates, Fed Remains Cautious on Rate Cuts
- Labor market was strong in January, adding 353,000 jobs, double expectations
- Unemployment remains low, under 4% for 2 straight years
- Federal Reserve indicated it's too soon to start lowering interest rates
- Inflation has been easing recently
- Forecasting economic conditions remains challenging, models struggled to predict performance coming out of COVID pandemic
