Federal Reserve Rate Hike Odds Recede After July Jobs Totals Shrink Unexpectedly

CNBC Finance reports that the U.S. economy shed jobs in July, a surprise contraction that is cooling expectations for a September interest rate hike. Prediction markets and futures trading now favor a status quo decision next month, marking a significant shift from the hawkish se
CNBC Finance reports that the U.S. economy shed jobs in July, a surprise contraction that is cooling expectations for a September interest rate hike. Prediction markets and futures trading now favor a status quo decision next month, marking a significant shift from the hawkish se