WASHINGTON (Reuters) – U.S. job growth likely rebounded in June, with wage gains expected to pick up, but that would probably not be enough to discourage the Federal Reserve from cutting interest rates this month amid growing evidence the economy is slowing.
FILE PHOTO: A “Now Hiring” sign sits in the window of Insomnia Cookies in Cambridge, Massachusetts, U.S., February 11, 2019. REUTERS/Brian Snyder/File Photo
Lack of concrete progress in resolving an acrimonious trade war between the United States and China was also seen forcing the U.S. central bank’s hand, regardless of a strong employment report from the Labor Department on Friday. The Fed last month signaled it could ease monetary policy as early as July, citing low inflation as well as growing risks to the