July U.S. payrolls edge down as unemployment holds at 4.1%
Revised hiring figures and a 23,000-job monthly decline point to a slower labor market, while health care continued to add workers.
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Revised hiring figures and a 23,000-job monthly decline point to a slower labor market, while health care continued to add workers.
The goods-and-services gap declined to $73.3 billion, although both sides of the nation's monthly trade ledger moved lower.
Headline growth slowed from the first quarter, but a measure of private domestic demand accelerated.
Inflation-adjusted spending increased 0.4 percent, while income growth slowed from May.
The central bank kept its target range at 3.5% to 3.75% while acknowledging elevated inflation and economic uncertainty.
Euro-area inflation slowed in June, but policymakers said the full effect of the energy shock had yet to appear.
The monthly CPI declined 0.4 percent, while prices remained 3.5 percent higher than a year earlier.
The fund projects 3.0 percent growth in 2026 and warns that global disinflation has stalled.