US: HIRING IS SLOWING, BUT NOT COLLAPSING – WELLS FARGO

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Data released on Friday showed the US economy added 236,000 jobs in March, the smallest gain in over two years.  Analysts at Wells Fargo point out this is the type of employment report they believe the Federal Reserve wants to see: job growth slowing in an orderly fashion, labor supply expanding and wage growth that is edging closer to rates that are consistent with the central bank's 2% inflation target. They expected another rate hike by 25 bps in May, probably the last one.

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