Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Weak Jobs Report Does Not Eliminate Prospects of a...
Business & Finance

Weak Jobs Report Does Not Eliminate Prospects of a September Rate Rise

NYT Business Friday 07 August 2026, 14:07 UTC By Colby Smith 1 min read
Key Points

Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central bank’s 2 percent target.

Officials at the Federal Reserve are chiefly focused on the trajectory of inflation after five years of overshooting the central bank’s 2 percent target.
the Federal Reserve (ORG)
Originally published by NYT Business Read original →

Related Stories

Cassidy supports Todd Blanche, rescuing Trump's embattled attorney general pick

Sen. Bill Cassidy, R-La., said Friday he will vote to confirm Todd Blanche as attorney general, giving President Donald Trump's embattled nominee a crucial vote after two other Senate Republicans announced their opposition. Cassidy's support appears to give Blanche the 50 votes he needs for confirmation, assuming no other Republicans defect. Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, have said they will vote against Blanche, while Sen. Mitch McConnell, R-Ky., remains absent...

CNBC 11m ago

BlackRock's Rick Rieder Sees Rate Hike Unlikely

Aug 7th, 2026 BlackRock's Rick Rieder Sees Rate Hike Unlikely Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, discussed the Federal Reserve's monetary policy outlook, emphasizing that a rate hike currently does not make much sense given recent economic data.

Bloomberg Markets 19m ago

Hungary Warns of Dramatic Hit From Drought, Nuclear Outage

Hungary Warns of Dramatic Hit From Drought, Nuclear Outage Hungary is facing a “dramatic” economic impact given the drought across its agricultural heartland, combined with what may turn out to be a lengthy nuclear production outage, Prime Minister Peter Magyar said. The weather-related damage in 2026 will probably exceed 500 billion forint ($1.6 billion) including an earlier frost, more than the amount seen in the previous drought-hit year of 2022, he told reporters on Friday.

Bloomberg Markets 23m ago

Odd Lots: What’s Contributing to the Sardine Shortage?

On this episode of the Odd Lots podcast, Fishwife CEO Becca Millstein tells Tracy Alloway and Joe Weisenthal about tinned sardines and what she considers one the biggest problems threatening that supply chain.

Bloomberg Markets 24m ago