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Jobs Report Jitters and Fed Dilemma | Chicago News
The government drops major economic updates this week—starting with Tuesday’s July job market snapshot, then culminating in Friday’s high-stakes August jobs report. Last month’s data revealed a surprising slowdown in hiring despite inflation and weak consumer confidence, leaving the Fed in a tough spot: raise rates to fight inflation, risk hurting jobs—or lower them to boost employment, risking worse inflation. With global conflicts and trade wars already pushing up prices, the Fed is holding steady, walking a razor-thin line between economic stability and growth. Listen in comfort:Get a…
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