“Today’s jobs report beat expectations, signaling to investors that demand in the labor market remains strong. Recent economic data suggested the labor market may be cooling, but today’s numbers may dampen hopes that the Fed will cut interest rates sooner rather than later. Slowing job growth and slowing inflation growth would show central bankers that they are fulfilling their dual mandate.We saw today that for employment, this month’s jobs report does not reflect the cooling off that the market is likely hoping for, so it may push the needle in terms of what could What to expect from Fed policy in the coming months.
FTSE 100 Live: US jobs beat expectations in latest batch of ‘soft landing’.
Editor's Pick
Hot frog ‘sauna’ helps fight fungus deadly to Australian species
A fungal infection that some scientists consider one of the worst wildlife diseases of all time is devastating frog populations…
By Recommend 6 Min Read
Bubba’s Hot Chicken, a 50-year-old recipe, expands to new locations
Continuing a tradition that began in Prizren, Kosovo, more than half a…
1 Min Read
Katy Perry shows off hot dress with mega train featuring lyrics from new single: Pics
Katy Perry is going all out in promoting her comeback song. July…
4 Min Read