US suffers unexpected job losses in July, markets dial back rate hike expectations

The US economy experienced unexpected job losses in July. This development has led to a reevaluation of expectations for rate hikes. Previously reported job gains for May and June were revised downward.

The revisions and the July job losses have had an impact on market expectations. Further details on the job losses and their implications are available from the source, which reported on the unexpected turn of events in the US economy.