Lates News

Nick Timiraos of the "New Federal Reserve News Agency": The July jobs report will be a difficult data point for the Federal Reserve to interpret. There is no new evidence of a renewed acceleration in the labor market, which may somewhat weaken the case for an interest rate hike next month, although this still depends on whether inflation data can improve further. Officials maintained interest rates last week, but out of 12 officials, 3 voted in favor of a rate increase. The decline in the unemployment rate will continue to keep the focus on inflation data.