By Esther Ososanya U.S. job growth slowed sharply in July, with nonfarm payrolls increasing by just 73,000 jobs, well below the 110,000 forecasted by economists polled by Reuters. The shortfall is even more concerning when paired with a sharp downward revision of June’s data, which now shows only 14,000 jobs were added that month, compared to the previously reported …
By Esther Ososanya The U.S. Federal Reserve may be forced to delay cutting interest rates until at least October after fresh inflation data revealed that tariff-driven price increases are reigniting consumer costs across multiple sectors, complicating the central bank’s battle to restore price stability. The Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation …
