Summary
WASHINGTON (MCT) - A weaker-than-expected employment report for July might be all the Federal Reserve needs to take a pause from raising interest rates after 17 straight hikes.
That was the conclusion in financial markets Friday after the Labor Department reported that payroll jobs rose 113,000 last month, about 37,000 below the consensus figure. The national unemployment rate rose slightly from 4.6 to 4.8 percent.See the full content of this document
Extract
Jobless Rate Might Slow Fed Rate Hikes
Central bankers have been looking for the right moment to bring its interest rate...
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