US labour market and inflation — key takeaways
Nonfarm payrolls rose just 22k in August.
Three-month average: 29k vs 168k average in 2024.
Unemployment rose to 4.3% (from 4.2%) as participation edged higher.
Nonfarm payrolls revised down 911k as of March 2025.
Raises risk that current employment is overstated.
Headline CPI: +0.4% m/m, 2.9% y/y.
Tariff passthrough:
Retailers/wholesalers absorbing costs so far, but tariff burden doubled in August and unsustainable.
Inflation outlook: both goods and services likely to stay firm.
FOMC meeting next week: 25bp cut widely expected.
Markets want Fed to prioritise employment downside risks.
Fed officials signal greater concern over sticky inflation and path back to target.Expectations are for a Federal Reserve rate cut. Labour market concerns look to be outweighing inflation concerns for now. Or maybe the political heat has just gotten too much.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about us jobs stall payrolls revised lower inflation sticky fed eyes cautious rate cut was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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