US July jobs rebound may bring Fed rate hike closer

di.se (Swedish)

US July employment is forecast to show 80,000 non-farm jobs added, rebounding from June's unexpectedly weak figure and potentially bringing forward the next interest-rate hike. Bloomberg macro strategist Skylar Montgomery Koning said a strong reading would pull expectations for the next rate increase earlier. The forecast represents a recovery after June's surprisingly soft jobs report, which had raised questions about US labor-market momentum. The non-farm payrolls report is a key indicator in Federal Reserve interest-rate deliberations. The July data, reported by Swedish financial daily Dagens industri, comes as policymakers weigh the strength of the economy against inflation.


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US July jobs rebound may bring Fed rate hike closer | News Minimalist