U.S. Economy Shows Strength in Jobs and GDP Ahead of Fed Decision
As the Federal Reserve prepares to announce its latest interest rate decision, the U.S. economy shows mixed but mostly steady signals.
The job market added 147,000 jobs in June, and the unemployment rate held steady at 4.1%. Consumer sentiment and retail sales are trending up slightly, while mortgage rates and home sales remain steady.
Inflation rose to 2.7% in June, and the economy grew by 3% in the second quarter, beating expectations despite a weak first quarter.
Most analysts do not expect the Fed to cut rates this week, as trade tensions and inflation continue to weigh on the outlook.
