Jobs, Inflation Data This Week as Markets Key in on September Fed Meeting usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
U.S. consumer prices
increased moderately in July amid lower costs for goods,
including used motor vehicles, a trend that could persuade the
Federal Reserve to leave interest rates unchanged next. -Today at 08:43 am- MarketScreener
U.S. job growth likely slowed further in July, but retained enough momentum to shield the economy from a recession as hefty interest rate increases from the Federal Reserve cooled demand. The Labor Department's closely watched employment report on Friday is still expected to show a tight labor market, with the unemployment rate steady near multi-decade lows, though wage growth probably moderated. Economists who have long been forecasting a downturn by the fourth quarter of this year are increasingly becoming convinced that the "soft-landing" scenario for the economy envisaged by the Fed is now possible.
WRAPUP 1-Slower, but still strong US employment growth expected in July devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.