Weak July US jobs data has reduced market expectations of a September Federal Reserve rate hike, with futures pricing the odds below 50%. While softer employment has raised concerns about labour-market weakness, persistent inflation and hawkish Fed officials keep the prospect of tighter policy alive, leaving the central bank facing a difficult trade-off.
Weak July US jobs data has reduced market expectations of a September Federal Reserve rate hike, with futures pricing the odds below 50%. While softer employment has raised concerns about labour-market weakness, persistent inflation and hawkish Fed officials keep the prospect of tighter policy alive, leaving the central bank facing a difficult trade-off.
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