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Fed's Daly calls October jobs report 'good news,' but expresses concern over inflation outlook
Federal Reserve official Mary Daly stated that the October employment report was "good news," expressing optimism about the U.S. labor market. However, she emphasized that wage growth is not running hot and real wages are still declining. Regarding inflation, Daly pointed out that price increases are too fast and persistent, noting that she wants greater confidence in the inflation outlook.
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