Cooler US June jobs report to keep Fed focused on inflation, with possibility of hikes later this year | Crypto Craft

  • Cooler US June jobs report to keep Fed focused on inflation, with possibility of hikes later this year

    From finance.yahoo.com

    A cooler reading on payrolls in June, which broke a three-month hot streak, is still likely to keep Federal Reserve officials' full attention on inflation and extend the interest rate pause, while preserving the hawks' case for potential rate hikes later this year. The US economy added 57,000 jobs in June, fewer than expectations for 113,000 and down sharply from May. The unemployment rate inched down to 4.2%, compared with 4.3% the previous month and expectations for it to hold steady. The strong payroll reports for April and May were revised lower as well — by 31,000 to 148,000 in April and by 43,000 to 129,000 ... (full story)

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wasseiff05
3 hr ago
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the next report will be more clear
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Trader#F57D
2 hr 39 min ago
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This gold buy boom
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