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NEWSAUG 7, 2026
US Payrolls Fall by 23,000 in July, Clouding Fed’s September Rate Decision
The U.S. economy unexpectedly lost jobs in July, deepening questions about the strength of the labor market after sizeable downward revisions to prior months. Crypto markets were muted, while stocks, bonds and precious metals reacted more sharply as traders reassessed the odds of a September Federal Reserve rate hike.