US employment is cooling exactly where it matters
The headline reads strong again, but downward revisions and hours worked tell a different story. The second print always beats the first.
The full text of this story arrives with the newsroom. For now, the standfirst tells you what it is about.
The ECB reaches September with no room for error
Services inflation is still stuck near 3% and the market is already pricing a cut the data does not yet justify. Whoever pays for that expectation today takes the whole risk.