News & Feeds March 5, 2023

US Jobs Report and Powell Testimony Take Center Stage

US job growth probably moderated last month after a blistering January pace, while the unemployment rate likely held at a 53-year low, illustrating a labor market that’s proved mostly impervious to the Federal Reserve’s massive interest-rate hikes. The report will follow testimony by Fed Chair Jerome Powell on Tuesday and Wednesday as he delivers semi-annual monetary policy report to lawmakers. His comments may shed light on whether investors are in tune with the central bank’s view on how high it will have to raise rates to knock down inflation. Payrolls increased by 215,000 in February, according to the