199K Jobless Claims Keep Fed on Edge as Hiring Slows to 57K in June
U.S. jobless claims inched up to 199,000, signaling a still-resilient labor market, but June's dismal 57,000 job gain and sticky 3.7% PCE inflation keep pressure on the Fed. Investors brace for Friday's July jobs report to gauge rate hike odds and recession risks.
Source: therecord.com · isp.netscape.com