Jobs Are Falling, Inflation Is Sticky and Oil Is Rising: Which Signal Should Investors Watch?
U.S. nonfarm payroll employment fell by 23,000 in July, while the unemployment rate held at 4.1 percent. At the same time, consumer prices were 3.4 percent higher than a year earlier. Those figures captured the conflict facing markets ahead of the Federal Reserve’s September 15-16 meeting: weaker hiring argues for easier policy, while inflation above […]
