Fed officials are expected to raise rates by 25 basis points at their meeting this month after pausing their 15-month tightening campaign in June while at the same time indicating that two more increases were likely this year.
Bets on US Federal Reserve rate hike in October fall as job market cools
Last month, the US economy added only 29,000 jobs, significantly below the economists’ forecast of 90,000 jobs. The unemployment rate rose to 4.2%, indicating a