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NYT

Weak Jobs Report Does Not Eliminate Prospects of Interest Rate Rise

Friday, August 7, 2026


Federal Reserve officials stated they remain focused on inflation trends following five years of readings above the central bank's 2 percent target. The January 2026 jobs report showed slower employment growth than previous months. Federal Reserve Chair Jerome Powell and other officials have indicated inflation data will drive decisions on interest rates in coming months.

Original reporting: https://www.nytimes.com/2026/08/07/business/economy/jobs-report-interest-rates-fed.html

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