“New Federal Reserve News Agency” Nick Timiraos: The July employment report will be difficult for the Federal Reserve to interpret. There is no new evidence of a renewed acceleration in the labor market, which may weaken the reasons for next month's rate hike to a certain extent, but this still depends on whether inflation data can improve further. Officials kept interest rates unchanged last week, but 3 out of 12 officials voted to raise interest rates. Falling unemployment will continue to focus attention on inflation data.

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