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Traders are questioning whether Federal Reserve policy makers have already missed their best opportunity to get a handle on persistently higher U.S. inflation, as financial markets turn their attention to Friday’s monthly payrolls report.
With Fed officials remaining patient about raising interest rates and relying on incoming economic data, traders will be zeroing in on the labor-force participation rate which has remained mired within a narrow range below pre-pandemic levels for well over a year because many Americans have…
