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America’s employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending, all of which weakened the outlook for the economy
If the jobs report was a repeat of July's blowout numbers, the Fed would likely be forced to set another rate hike to battle inflation.
If the jobs report was a repeat of July's blowout numbers, the Fed would likely be forced to set another rate hike to battle inflation.
If Friday’s jobs report for August were to show a significant hiring slowdown, the Federal Reserve would likely welcome it.
WASHINGTON (AP) — Raging inflation has so scrambled the economy that it’s come to...