U.S. Payrolls Fall by 23,000, Complicating Fed Rate Debate
U.S. nonfarm payroll employment fell by 23,000 in July, while a scheduled inflation report became more important to the Federal Reserve’s policy outlook.
Federal Reserve
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Fed holds rates steady as officials split over persistent inflation
The Federal Reserve kept its federal funds target at 3.50% to 3.75% after its July meeting, while three officials favored higher rates and inflation remained above the Fed’s 2% target.
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Federal Reserve: Credit-Card Borrowing Picked Up as Consumer Loan Costs Stayed High
Consumer-credit flows accelerated after a slower start to 2026, with the strongest increase in credit-card balances as auto-loan rates remained above 2019 levels.
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Fed Holds Interest Rates Steady as Inflation and Energy Costs Remain Elevated
The Federal Reserve kept its federal-funds target range at 3.50% to 3.75% after its July meeting, as inflation and energy prices remained high.
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U.S. Employers Cut 23,000 Jobs in July as Labor-Market Growth Weakens
The Bureau of Labor Statistics reported a 23,000-job decline in U.S. nonfarm payroll employment in July, while the unemployment rate edged lower.
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U.S. Employers Lost 23,000 Jobs in July as Unemployment Edged Lower
The Bureau of Labor Statistics reported a decline of 23,000 nonfarm payroll jobs in July, while the unemployment rate fell and other labor-market measures offered a mixed picture.
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Federal Reserve Says U.S. Inflation Rose to 4.1% Over the Year Through May
The Federal Reserve’s July 2026 Monetary Policy Report said headline PCE inflation accelerated to 4.1% through May, while core inflation reached 3.4% and energy prices rose 24%.
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U.S. employers unexpectedly cut 23,000 jobs in July as unemployment rate fell to 4.1%
U.S. employers cut 23,000 nonfarm jobs in July, while unemployment fell to 4.1% in a report that pointed to a weakening labor market.
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U.S. mortgage rates rise for a fifth straight week to highest level in more than a year
The average long-term U.S. mortgage rate reached its highest level since late July 2025, increasing borrowing costs for homebuyers and people considering refinancing.
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Weak July Jobs Report Complicates the Federal Reserve’s Path on Interest Rates
U.S. employers cut 23,000 jobs in July, while earlier payroll gains were revised down by 103,000. The Federal Reserve is still awaiting July inflation data.
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Supreme Court expands president’s authority to remove most agency heads
The Supreme Court ruled June 29 that presidents generally may fire federal agency heads at will, limiting statutory protections that required cause for removal while preserving a distinct exception for the Federal Reserve.
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July Jobs Report Shows Employers Cut 23,000 Jobs, Complicating Fed’s Inflation Fight
Employers cut 23,000 jobs in July, a weaker-than-expected result that eased expectations of near-term rate increases even as inflation remains above the Federal Reserve’s target.
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U.S. Employers Cut 23,000 Jobs in July, Raising Pressure on the Federal Reserve
U.S. employers unexpectedly shed 23,000 jobs in July, a sharp deterioration that weakened the labor-market outlook and increased expectations that the Federal Reserve could wait before raising interest rates further.
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U.S. mortgage rates rise for a fifth straight week to a one-year high
Average long-term U.S. mortgage rates climbed for a fifth consecutive week, reaching their highest level in just over a year and adding pressure to homebuyers.
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Fed report puts May inflation at 4.1% as tariffs and energy disruption weigh
The Federal Reserve said U.S. inflation accelerated sharply through May, with energy prices up 24% and overall PCE inflation well above the central bank’s 2% objective.
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Federal Reserve report shows inflation remains well above its 2% goal
The Federal Reserve’s July 2026 report to Congress said headline PCE inflation reached 4.1% through May, while energy prices rose 24% over the same period.
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June job openings dipped while hiring rose, BLS data show
U.S. employers reported about 7.4 million open jobs in June, while hiring rose to roughly 5.2 million, according to new Bureau of Labor Statistics data.
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Weak July Jobs Report Complicates Federal Reserve’s Inflation Fight
U.S. employers cut 23,000 jobs in July, adding pressure for caution on interest rates while inflation remains elevated ahead of the next CPI report.
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U.S. employers cut 23,000 jobs in July as labor-force participation fell
A new federal employment report showed an unexpected July job decline and the lowest labor-force participation rate since February 2021, adding pressure to the Federal Reserve’s policy outlook.
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U.S. Economy Grew at a Sluggish 1.5% Annual Rate in the Second Quarter
The U.S. economy expanded at a 1.5% annual rate in the second quarter as elevated inflation, fuel prices and borrowing costs continued to pressure households and businesses.
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U.S. Employers Cut 23,000 Jobs in July, Raising New Labor-Market Concerns
U.S. employers unexpectedly cut 23,000 jobs in July, sending stocks higher and Treasury yields lower as investors reassessed the Federal Reserve’s rate outlook.
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U.S. Payrolls Fell by 23,000 in July, Signaling a Stall in the Labor Market
A new federal employment report showed an unexpected decline in U.S. nonfarm payrolls in July, complicating the Federal Reserve’s choices as inflation remains elevated.
