Fed Rate Hike Urgency Dims After Soft Jobs Report
The urgency for a Federal Reserve rate hike in September has reportedly diminished following the release of a soft jobs report, though the possibility of a hike remains, with upcoming inflation data being a critical focus for Fed officials.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)Sources
Some of the urgency is gone for a Fed rate hike in September after a soft jobs report
The chances of a hike remain, with upcoming inflation reports a key focus for Fed officials.
By Greg Robb
Read full article →One of the job market's biggest engines is stalling
Employment in leisure and hospitality fell by 40,000 in July. The Good Brigade/Getty Images The US had a decline in jobs last month, including for two major consumer-facing industries. Leisure and hospitality and retail had two straight months of job losses. Lack of consumer demand due to rising prices could be taking a toll. For years, the bounce back in restaurants, hotels, and other in-person services was one of the big engines of the job market. Those days may be over. The US unexpected...
Read full article →