CNN CNN Newsroom With Poppy Harlow and Jim Sciutto July 7, 2024
inflation? >> there are different ways to look at this. so for americans it means the hiring continues, 263,000 jobs and it was pretty broad-based hiring, but when you look at the trend, poppy, it is the slowest pace of hiring since about april 2021, it matches april 2021. so when you look at that nice bar chart you can see slowing jobs growth and that's exactly what the fed is looking for. it's been raising interest rates now for six months and it actually takes about six months for monetary policy to effect these kind of economic statistics. back in march raised interest rates 25 b...