EconomySoft July jobs report fuels skepticism over possible Fed rate hike
The U.S. economy unexpectedly lost jobs in July. Nonfarm payrolls for the previous month were also revised sharply downward. The weaker labor-market picture could raise questions about whether the Federal Reserve will lift interest rates next month.
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Reuters★★★☆☆2026-08-07 18:05Original
Soft July jobs report fuels skepticism over possible Fed rate hike
Economy