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Markets and Economy

The Labor Market’s New Normal

After nearly a decade of above-trend job creation, November brought a hiring slowdown—suggesting the economy is settling into a sustainable rhythm.

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Taking Rate Hikes Off Autopilot

Interest rates are expected to climb into the lower edge of neutral territory next week. What will it mean for the Fed to let data take the wheel on its policy decisions in 2019?

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Containing the Deficit by Growing the Workforce

The ballooning US federal budget deficit could threaten the country’s long-term economic potential—but immigration reform is one way to boost future growth.

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