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US jobs are expected to slow, Goldman warns of bonus cuts and FX woes continue.
US employers are forecast to expand their payrolls by 200,000 in November, though the report may fall far short of the turning point Federal Reserve officials are seeking in their battle to beat back inflation. Earlier data showed that manufacturing contracted in November for the first time since May 2020. The report also comes amid signs showing global inflation may have peaked, though a likely slow retreat from multi-decade highs means it will remain a bugbear for central banks into 2023.