Inflation rises 2.9% in July, less than expected

Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.

U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June

U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.