Tomorrow, the U.S. Bureau of Labor Statistics will release its July employment report. After May’s disappointingly low employment growth and June’s unexpectedly strong rebound, the July data could signal the Federal Reserve’s next move on interest rates. In June, just as it seemed as though the Fed governors would finally agree to raise the benchmark interest rate, the release of May employment data and the Brexit vote gave them pause. Still, June’s job growth comeback has caused speculation that the governors may raise interest rates soon—if this month’s numbers impress. And as if that were not significant enough, this Friday is also one of only four jobs reports left before Election Day.
Further Reading:
New Federal Privacy Rules Pose a Challenge for Some Seniors in Social Security.
