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Strong U.S. job growth forecast; unemployment rate seen at four percent

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. job growth likely rose at a brisk clip in February and probably pushed down the unemployment rate to a more than 17-year low of 4.0 percent, but wage gains are expected to have slowed after three straight months of strong increases.The closely watched employment report from the Labor Department on Friday is expected to underscore the economy's strength and bolster expectations that the Federal Reserve will raise its interest rate forecasts for 2018. U.S. financial markets have almost priced in an interest rate increase at the Fed's March 20-21 ...

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First Published: Fri, March 09 2018. 10:55 IST
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