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Cooling Labor Market Sets Up Debate Over September Cut
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NBC News - Top stories
Employers added 206,000 jobs in June, as sturdy labor market gradually cools
The economy added 206,000 jobs last month, according to fresh government data, but unemployment inched above 4% for the first time in over two years. -
The Wall Street Journal - World
Weak Labor Market to Offer Bank of Canada Comfort on July Rate Cut
A weak employment report for June should provide comfort to the Bank of Canada about following up June’s interest rate cut with another reduction in July, says CIBC Capital Markets. -
MarketWatch - Business
2-year Treasury yield ends at almost three-week low after ISM data offers signs of waning U.S. growth
Treasury yields finished lower on Wednesday for a second straight session after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020. -
Inc. - Business
The Fed's Odds for a September Rate Cut Just Spiked
Slack in the labor market and cooling inflation have shifted market bets. -
Financial Times - World
German-Italian tank tie-up sets sights on global markets
Rheinmetall and Leonardo bosses see joint venture paving way for consolidation amid slow progress elsewhere -
The Wall Street Journal - World
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market.
The Labor Department reported that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run, but the unemployment rate ticked up to 4.1%, a sign of slack in a labor market. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
The Wall Street Journal - World
Case for September Rate Cut Builds After Slower Jobs Data
The U.S. economy added a solid 206,000 jobs last month. But the unemployment rate ticked up to 4.1%, a sign of slack in what has been a strong labor market. -
Inc. - Business
U.S. Labor Market Eases Steadily Despite Rise in Job Openings
The Labor Department reports the number of jobs available in May stayed steady from April, a sign that the market is stabilizing.
More from The Wall Street Journal
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The Wall Street Journal - World
Swiss Franc Could Weaken if Interest Rates Fall Further
The Swiss franc has recently been in demand as a safe haven due to political uncertainties around the world, but the currency could fall slightly in coming months given the prospect of interest rates being cut further, Commerzbank said. -
The Wall Street Journal - World
Biden Tells Democrats He Is 'Running This Race to the End'
The president’s latest attempt to shore up his candidacy came as lawmakers return to Capitol Hill and Democrats are expected to continue conversations about whether to support his candidacy.Joe Biden -
The Wall Street Journal - World
Hurricane Beryl Makes Landfall in Texas, More Than One Million Without Power
More than 1,200 flights were canceled as the state braced for the Category 1 storm, which caused catastrophic damage during its path across the Caribbean. -
The Wall Street Journal - World
U.S. Stock Indexes Open Higher to Start Week
Major U.S. stock indexes edged higher at the open to build on last week’s rally.US Open -
The Wall Street Journal - World
Read Biden's Letter
The president addressed congressional Democrats.Joe Biden