S&P: U.S. Job Growth Makes July Rate Hike Likely

Payroll jobs continue to grow and the unemployment rate remains near a 50-year low, making it likely the Federal Reserve will increase the Fed Funds rate later this month, said S&P Global Ratings, New York.

#MBACREF23: Ferguson Sees Mild(er) Recession Ahead

SAN DIEGO–Economist, corporate executive and former Federal Reserve Vice Chairman Roger Ferguson thinks any possible recession this year will likely be short and shallow.