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"Gradualism is not weak, it's not slow, it's not behind, it’s just prudent," Daly said to the newspaper, adding the labor market, while slowing, was "not weak." In remarks earlier this month, she said it is too soon to know if the July jobs report signals a slowdown or real weakness, but cautioned it is "extremely important" to prevent the labor market tipping into a downturn. Fed Chair Jerome Powell is scheduled to deliver remarks on the economic outlook on Friday, the first full day of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming.

(Bloomberg) -- Just as bond traders grow more assured that inflation is finally under control, a camp of investors is quietly building up protection against the risk of a future spike in prices.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public Tra

"So as a CEO, when you see an inverted yield curve, you're just less likely to pull the trigger on a bet-the-farm type of investment."

WILKES-BARRE, Pa. (AP) — Former President Donald Trump on Saturday repeatedly swerved from a message focused on the economy into non sequiturs and personal attacks, including thrice declaring that he was better looking than Vice President Kamala Harris. Trump wound back and forth between hitting his points on economic policy and delivering a smattering of insults and impressions of President Joe Biden and French President Emmanuel Macron as he held a rally in northeastern Pennsylvania. The former president has seemed to struggle to adjust to his new opponent after Democrats replaced their nominee.