Lower US job gain in August could aid Fed's inflation fight
WASHINGTON — America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation.
Stay updated with breaking news from Ellen Gaske. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
WASHINGTON — America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation.
WASHINGTON (AP) — America's employers added a healthy number of jobs last month, yet...
“It's a very positive report and still holds open the possibility for a soft landing,” said Ellen Gaske, an economist at PGIM Fixed Income, referring to the Fed's goal of slowing the economy enough to cool inflation without going so far as to cause a recession.
WASHINGTON (AP) — America's employers added a healthy number of jobs last month, yet...
America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation