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9hon MSNOpinion
A Weak Jobs Report Signals Stagflation. Blame Tariffs.
Hiring has slowed in the aftermath of President Trump’s Liberation Day announcement. Expect layoffs and more inflation next.
Plus: Markets plunge amid jobs, tariff uncertainty … Ghislaine Maxwell transferred … Public broadcasting takes ...
He also imposed a tariff of 50% on more than half of America’s imports from Brazil, complaining the country was persecuting ...
The NFP finally came out, and all hell broke loose: the country added a measly 73,000 new positions in July, while the June reading was downwardly revised to 14,000 after previously reporting 147,000.
Donald Trump called the Chair of the Federal Reserve "Jerome 'Too Late' Powell" and demanded he cuts interest rates.
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