The Fed’s path to a ‘Goldilocks’ economy just got more complicated


A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. 

Spencer Platt | Getty Images

As far as jobs reports go, November’s wasn’t exactly what the Federal Reserve was looking for.

A higher-than-expected payrolls number and a hot wage reading that was twice what Wall Street had forecast only add to the delicate tightrope walk the Fed has to navigate.

In normal times, a strong jobs market and surging worker paychecks would be considered high-class problems. But as the central bank seeks to stem persistent and troublesome inflation, this is too much of a good thing.

“The Fed can ill afford to take its foot off the gas at this point for fear…


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