All Topics
All Topics
Technology
Technology
AI
AI
Business
Business
Entertainment
Entertainment
News
News
Programming
Programming
Security
Security
Science
Science
Design
Design
Environment
Environment
Finance
Finance
Crypto
Crypto
Politics
Politics
Sports
Sports
Education
Education
Gaming
Gaming
Art
Art
Music
Music
Health
Health
Books
Books
Food
Food
Travel
Travel
Personal
Personal
Bluesky
Twitter

Weak June jobs report and rising inflation create stagflation concerns for Federal Reserve

By

Chloe Gronow

2h ago· 3 min readenNews

Summary

The Federal Reserve faces a stagflation scenario as a weak June jobs report (just 57,000 jobs added, far below expectations) follows inflation accelerating above 4%. Nigel Green, CEO of deVere Group, warns this combination of weak employment and high inflation represents the Fed's worst-case nightmare, putting pressure on the central bank's policy decisions.

Source

bskyWeak June jobs report and rising inflation create stagflation concerns for Federal Reserveifamagazine.com

Key quotes

· 3 pulled
The Federal Reserve's worst-case scenario may be unfolding after a sharply weaker-than-expected US jobs report landed just days after inflation accelerated above 4%
The US economy added just 57,000 jobs in June, far below expectations, while April and May payrolls were revised sharply lower
Average monthly job growth over the past year has slowed to just 36,000
Snippet from the RSS feed
The Federal Reserve’s worst-case scenario may be unfolding after a sharply weaker-than-expected US jobs report landed just days after inflation accelerated

You might also wanna read

Comments

Sign in to join the conversation.

No comments yet. Be the first.