U.S. job gains moderated in June while wage growth remained firm, showing a strong enough labor market to keep the Federal Reserve on track to raise interest rates this month.
Asia Tracks Wall St Lower As Fed Minutes Warn Of More Hikes barrons.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barrons.com Daily Mail and Mail on Sunday newspapers.
Markets fell again in most of Asia on Thursday as traders resigned themselves to more US interest rate hikes after minutes from the Federal Reserve's June meeting showed officials felt more needed to be done to rein in inflation."The minutes also show that this bias for further hikes is fuelled by an overriding concern over elevated price pressures and a tight labour market."