Soft US Jobs Cast Doubt on September Fed Hike
Recent US labor market data showing declining payrolls and softer-than-expected wage growth at 3.2% has cast doubt on whether the Federal Reserve will raise interest rates in September. While the unemployment rate fell, the mixed employment signals combined with moderating wage pressures suggest a rate hike may be less likely. Upcoming July CPI data and the next payroll report will be critical in determining the Fed's policy decision.
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Soft US Jobs Cast Doubt on September Fed Hike
Recent US labor market data showing declining payrolls and softer-than-expected wage growth at 3.2% has cast doubt on whether the Federal Reserve will raise interest rates in September. While the unemployment rate fell, the mixed employment signals combined with moderating wage pressures suggest a rate hike may be less likely. Upcoming July CPI data and the next payroll report will be critical in determining the Fed's policy decision.
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