Odds of a soft landing may have just gotten a little better.
The latest employment report from the Labor Department shows job growth held steady last month, boosting hopes that the Federal Reserve may be able to curb inflation without triggering a sharp jump in unemployment.
U.S. employers added 187,000 jobs in July. While job growth has moderated, it hasn’t come close to stalling, even after the Fed raised interest rates to the highest level in 22 years.
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