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Fed interest rates

A hiring sign is seen in a cafe as the U.S. Labor Department released its July employment report, in Manhattan, New York City, U.S., August 5, 2022. (REUTERS/Andrew Kelly)
Jul 2, 2026

Job growth slows in June; unemployment rate falls to 4.2% amid decline in labor force

Job growth slowed in June with payroll gains revised lower, while the unemployment rate dropped to 4.2% amid a decline in the labor force.

U.S. Treasury Secretary Scott Bessent speaks to reporters at the White House in Washington, D.C., U.S., November 5, 2025. (REUTERS/Kevin Lamarque)
Nov 25, 2025

US Treasury secretary takes aim at Fed’s interest rate control system

Treasury Secretary Scott Bessent says the Fed's complex rate system needs simplification from challenges and large balance sheets.