The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, The U.S. labor market showed clear signs of slowing in July 2025, with nonfarm payrolls rising by just 73,000 jobs, well below economists’ expectations of a 100,000 increase. The unemployment rate edged up slightly to 4.2% from 4.1%, signaling further softening in the job market, according to newly released government data.
file photo
the staff of the Ridgewood blog
Chicago Il, Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.
Continue reading Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth
