A mixed jobs report should keep the Fed on track to leave interest rates unchanged at its next meeting, experts say. Although the July jobs report showed that wages rose once again, the slowest pace of hiring since late 2020 and downward revisions to the prior two month's payrolls figures likely keeps the Federal Reserve on track to leave interest rates unchanged at the next Fed meeting, experts say.Nonfarm payrolls expanded by 187,000 last month, the Bureau of Labor Statistics said Friday, miss
Growth in the economy as measured by gross domestic product (GDP) increased in the second quarter, suppressing fears of a recession. It could push the Federal Reserve to continue raising rates to lower inflation in the months to come.
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.