Morning Business Report: Fed cautious on rate cuts, Claire’s sale, Wall Street slump, Pop Mart boom, salary survey
Federal Reserve officials expressed concern at their July meeting about both inflation and the state of the labor market, though most agreed it was still too early to cut interest rates.
(LILAMAX)- Federal Reserve officials expressed conce rn at their July meeting about both inflation and the state of the labor market, though most agreed it was still too early to cut interest rates. Governors also raised worries about tariffs fueling higher prices, while describing overall economic growth as “tepid.” In the retail sector, jewelry chain Claire’s announced it is selling…