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flag U.S. labor productivity held steady at 2.2%, with lower wage growth suggesting the Fed may cut rates.

flag The U.S. Labor Department reported that labor productivity grew 2.2% in the third quarter, unchanged from the initial estimate. flag Unit labor costs were revised down to a 0.8% increase from 1.9%, reflecting a lower rise in hourly compensation. flag This suggests moderating wage growth and inflation pressures, likely leading the Federal Reserve to cut interest rates by 25 basis points at their next meeting.

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