Wealth And Economic News This Week (2-Minute Read)

Published Friday, August 10, 2018 at: 7:00 AM EDT

Job openings in June remained near a record high, and unemployment at a record low, while evidence of a tightening labor market grew.

The core inflation rate, which excludes volatile food and energy prices, ticked higher in July, from 2.2% to 2.3%.

The steady rise in inflation in recent months has been expected by The Federal Reserve, and interest rate policy is expected to remain the same. The Fed has said it expects to raise rates once a quarter in 2018.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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