Jobs Data Put Bernanke in the Hot Seat

Strength in key economic sectorsand indications of stubborn inflationleave the Fed chief in a tricky spot for his congressional testimony

The U.S. June employment report released on July 6 provided the market with signs of continued strength in key sectors of the economy—along with wage gains that will sustain the market's inflation headache. The data in the report further reinforce the hawkish stance taken by Federal Reserve policymakers in their last statement.

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