Soft Jobs Data Complicates Inflation Fight and the Fed's Next Move
TL;DR
Two CNN analysts argue the July jobs report was weak and complicates the inflation fight and the Fed’s next move: soft labor data against persistent inflation, a debate over Warsh’s “reaction function,” and a bond market that may be pricing in mixed signals ahead of the September meeting; with mortgage rates climbing toward 7%, the real-world costs of policy ambiguity loom.
- How the weak jobs report could make inflation harder to manage CNN
- Labor Market Shifts Into Reverse as Employers Balk at Hiring The New York Times
- 'Very little to like': Wall Street assesses surprise July jobs report as stocks jump Yahoo Finance
- The Fed was expected to hike interest rates in September. Don't bet on that now, economists say. CBS News
- Markets Rally on Surprise U.S. Job Losses, Airbnb Soars and Trade Desk Tanks | Markets P.M. for Aug. 7 WSJ
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