US private-sector hiring slowed more sharply than expected in July. The ADP National Employment Report showed private employment increased by 44k, well below the 75k consensus forecast and down from a revised 95k in June. Hiring remained concentrated in the service sector, which added 47k jobs, while goods-producing industries shed 3k, leaving overall employment growth […]
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Minneapolis Fed President Neel Kashkari defended his dissent at last week’s FOMC meeting, arguing that the central bank should begin raising interest rates gradually rather than risk falling behind inflation. Speaking to CNBC from the Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal We’re rapidly approaching a transition phase Read more…
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