U.S. loses 23,000 jobs in July, complicating the Fed’s strategy against inflation
Wall Street is going full throttle upwards, climbing towards records, but the real economy, that of everyday people, surprised this Friday with a loss of 23,000 jobs in the month of July. This more than evident sign that the US labor market has cooled down, despite the Dow Jones that President Donald Trump boasts so much about, complicates the Federal Reserve’s (Fed) task as it weighs whether to raise interest rates amid persistently high inflation.