(Reuters) - The tight labour market kept alive market expectations that
the central bank will raise interest rates as early as next
month, although global market volatility in recent days has
dented the near certainty many in the market had felt about this.
As well, the recovery in personal consumption remains
fragile, with separate government data showing that overall
household spending in June rose only 0.1 percent from a year
earlier, falling short of a median market forecast of a 0.7
percent rise.
Read more at Reuters.com Economic News
the central bank will raise interest rates as early as next
month, although global market volatility in recent days has
dented the near certainty many in the market had felt about this.
As well, the recovery in personal consumption remains
fragile, with separate government data showing that overall
household spending in June rose only 0.1 percent from a year
earlier, falling short of a median market forecast of a 0.7
percent rise.
Read more at Reuters.com Economic News
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