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Concern about a softening job market will keep the
Federal Reserve on course to resume its interest rate cuts next week, though the U.S. central bank is likely to move cautiously because of fresh signs that tariffs are pushing prices higher.
That was the bet in financial markets on Thursday after government reports showed jobless claims jumped last week and consumer inflation rose more than expected in August, with particularly big increases in the prices of goods like furniture and cars that are heavily impacted by import...