Bracing for U.S. Labor Market Data that Are Feared Likely to Be Too Strong

The ADP estimate that private U.S. jobs leaped around half a million in June cemented fears that today’s Labor Department employment situation report will leave the Fed no choice but to continue tightening, and more aggressively than rhetoric from officials have implied. Just minutes before the data’s release on Friday, U.S. share prices were modestly […]