U.S. economy keeps up the momentum, but rising costs put a cap on new hiring

Trade-News newsroom brief · 2h ago · 1 min read · via marketwatch.com

The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of business and companies responded by keeping a lid on hiring.

The largest part of the economy grew in July at a robust pace, but scattered shortages of key supplies and dogged inflation raised the cost of business and companies responded by keeping a lid on hiring. This story matters for Finance & Markets readers tracking trade. Reported by marketwatch.com. Read the full original at the source link below.

Originally reported by marketwatch.com. Trade-News curates and briefs the finance & markets stories that matter. Our editorial policy →
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