Federal Reserve Latest News: U.S. Hiring Slows in July; Jobless Rate Falls to Four-Year Low

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Federal Reserve Latest News: U.S. Hiring Slows in July; Jobless Rate Falls to Four-Year Low

Federal Reserve Latest News: U.S. Hiring Slows in July; Jobless Rate Falls to Four-Year Low
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Federal Reserve Latest News: U.S. Hiring Slows in July; Jobless Rate Falls to Four-Year Low

by Wochit 0:52 mins

Employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. U.S. consumer spending increased and inflation pushed higher in June, which could strengthen expectations of the Federal Reserve curtailing its bond purchases later this year. Traders of short-term U.S. interest-rate futures boosted bets that the Federal Reserve will wait until 2015 before raising short-term borrowing costs after a government report showed the U.S. economy added fewer jobs than expected.

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