Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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US hiring solid while wages cool, giving Fed room to slow hikes

Unemployment landed at 3.5%

Bloomberg News

The US labor market stayed strong last month and wage gains cooled, reducing risks of a near-term recession and giving the Federal Reserve room to slow interest-rate hikes. Nonfarm payrolls increased 223,000 in December, capping a near-record year for job growth, a Labor Department report showed Friday. The advance followed a 256,000 gain in November. […]

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