Following a week jobs report, the Fed’s next move hinges on inflation
· businessreport.com
July’s weak jobs report reduces pressure on the Federal Reserve to raise interest rates, but it doesn’t eliminate the possibility of a rate increase as inflation remains the central concern, The New York Times reports. Employers lost 23,000 jobs, prior job growth estimates were revised lower, more people left the workforce, unemployment fell from 4.2% […]
July’s weak jobs report reduces pressure on the Federal Reserve to raise interest rates, but it doesn’t eliminate the possibility of a rate increase as infl...