1404 ET - One factor supporting a more hawkish Fed outlook: improving signals from the labor market. At the Fed's March meeting, officials' most recent data in hand was the ugly February jobs report. At the time, many officials were worried that "labor market conditions appeared vulnerable to adverse shocks," per the March minutes. But by their April meeting, Fed officials had their hands on the more upbeat March report, and most took the numbers as evidence of stabilization, according to the newly released April minutes. After the April Fed meeting, the strong April jobs report released earlier this month added further evidence that the labor market may be finding its footing. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
May 20, 2026 14:04 ET (18:04 GMT)
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