US Nonfarm Payrolls Decline 23,000 In July

more on US nonfarm payrolls unexpectedly declined in July, down 23,000, with June's gain revised down to a 20,000 increase, raising questions about a September Fed rate hike. " Despite six months of Middle East tensions, Q2 domestic demand grew at the fastest pace in three years. Markets had priced a September hike before the report; next week's inflation data may intensify debate over near-term monetary policy.