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Top Fed officials unswayed by poor July jobs report, take wait-and-see approach to rate cuts

Several senior Federal Reserve officials on Friday characterized the labor market as “solid” even after a poor July jobs report and appeared in no rush to lower U.S. interest rates.

Investopedia on MSN · 1d

U.S. Job Growth Slowed Sharply, Shifting The Fed's Rate Cut Calculus

U.S. employers added just 73,000 jobs in July and the May and June numbers were revised sharply lower, boosting the chances of a September rate cut.

Barron's · 2d

Shockingly Weak Job Growth Ramps Up Pressure on Fed

U.S. job growth has slowed to below what’s generally considered healthy, suddenly upending the picture of a balanced job market and increasing support for interest-rate cuts. U.S. employers added just 73,

Trump to Name New Fed Governor, Jobs Data Head

Bloomberg on MSN · 6h

Trump to Name New Fed Governor, Jobs Data Head in Coming Days

President Donald Trump said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days, two appointments that may shape his economic agenda amid anxiety over the trajectory of global growth.

Business Standard · 3h

Trump to replace Fed, labour chief amid row over jobs data, rate policy

After firing Bureau of Labour Statistics chief McEntarfer over weak jobs data and criticising Fed chair Powell, Trump signals new key appointments

Seeking Alpha on MSN · 1h

Trump to name new Fed governor and jobs data chief in coming days

Trump to name a new Federal Reserve governor & chief labor market statistician. Key appointments could shape economic policy amid global growth concerns.

Trump, Bureau of Labor Statistics and Jobs

Yahoo · 9h

Kevin Hassett, a Trump official floated as the next Fed Chair, claimed the jobs report’s revisions shows the numbers are “unreliable.”

President Donald Trump’s acolytes are scrambling to rationalize his decision to fire the nation’s top labor statistician after she delivered a bruising reality check. Trump was confronted with a weak jobs report Friday showing just 73,

The Daily Beast on MSN · 9h

Trump Officials Struggle to Spin Firing of Jobs Report Messenger

Axios on MSN · 1d

Trump fires labor statistics chief after weak jobs report

President Trump said he has fired the commissioner of the Bureau of Labor Statistics after the independent government agency reported weak jobs numbers for July and the preceding month. Why it matters: Trump is turning his ire about poor jobs numbers on the number-crunchers.

2hon MSN

Trump says he'll name people to 2 jobs closely watched by Wall Street

The president fired the Bureau of Labor Statistics commissioner on Friday after poor job numbers. A Federal Reserve governor ...

4hon MSN

US jobs jolt fans Fed rate cut buzz; rupee to ride dollar slump

The Indian rupee is set to open higher on Monday, riding the dollar's plunge after a weak U.S. jobs data boosted bets that ...

41mon MSN

Asian markets are mixed after Wall St tumbles following poor US jobs report

Shares in Asia are mixed after Wall Street had its worst day since May following the release of weak U.S. jobs data.

Federal Government Shed 12,000 Jobs in July

The U.S. government has lost 84,000 jobs since January as the Trump administration aggressively reduces the work force.

2don MSN

Shockingly bad jobs report reveals a monthslong stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady’

U.S. payrolls grew by just 73,000 last month, well below forecasts, but downward revisions to prior months stunned Wall ...