The nation s employers added 336,000 jobs in September, an unexpectedly robust gain and the largest monthly rise since January, evidence that many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook for the economy.
That more elevated future rate path reflects that the economy is holding up better than expected in the face of the Fed s policy changes so far: Officials forecast stronger growth, lower unemployment and slower inflation at the end of 2023 than they had earlier predicted.
The Fed’s decision and its outlook suggested that a resilient economy was keeping central bankers both optimistic about growth and firmly in inflation-fighting mode.
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