Jobs Number to Reassure Fed 2016 Rate Hike Is Still Possible
- Trend rate for labor market on a slower but still solid path
- Most economists expect Fed to stay cautious, await more data
How Will Today's Jobs Report Impact Fed Policy?
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A solid rebound in the U.S. labor market in June following a dismal May will ease worries at the Federal Reserve about the underlying health of the U.S. economy and keep officials open to raising interest rates this year.