U.S. adds just 209,000 jobs in June. Smallest gain since 2020 unlikely to stop Fed rate hike
The U.S. created 209,000 new jobs in June to mark the smallest increase in more than two and a half years, in a sign the labor market may be cooling.
Stay updated with breaking news from Key Private. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The U.S. created 209,000 new jobs in June to mark the smallest increase in more than two and a half years, in a sign the labor market may be cooling.
The cost of goods and services rose 0.1% in May and pointed to a gradual easing in inflation, but prices are still rising sharply in key parts of the economy.
Two- and 10-year Treasury yields jump after the May consumer price report showed the annual core inflation rate still running above 5%.
Since Treasury started using "extraordinary measures" to pay its bills, it has to raise lots of funds pretty quickly to make up for lost time.
New York (CNN) — You’d expect the stock market to surge after the White House and House Republicans reached a tentative deal to raise the debt ceiling, But markets may