CoinVoice has recently learned that, according to Jin Shi reports, U.S. consumer spending grew steadily in July, and core PCE has shown signs of warming due to increased prices of some goods caused by import tariffs. However, a softening labor market may not prevent the Federal Reserve from lowering interest rates next month. Although low layoff rates support wage growth, Trump's tariff policy on imported goods has increased costs for businesses, resulting in employers being reluctant to hire more staff. Government reports indicate that for the three months ending in July, employment increased by an average of 35,000 jobs per month, far below the 123,000 jobs during the same period in 2024. [Original link]