The US economy unexpectedly shed 23,000 jobs in July, sparking doubts about a potential rate hike by the Federal Reserve in September. The disappointing jobs report has significantly reduced the likelihood of a rate increase at the Fed's upcoming meeting.
Source
"US Jobs Report Casts Doubt on September Rate Hike" — CoinDesk
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The numbers suggest that the labor market is not as strong as previously thought, which could temper expectations for further monetary policy tightening.
