Economics

Charting the Global Economy: US Jobs Signal Another Big Fed Hike

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By Vince Golle and Molly Smith

July 9, 2022 at 9:00 AM UTC

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Sustained US job growth and an unemployment rate near a 50-year low bolstered bets that the Federal Reserve will proceed with another big interest-rate hike this month to rein in demand and tamp down inflation.