A look at some of the key business events and economic indicators upcoming this week:
CLOSE-UP ON THE FED
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At the meeting last month, the central bank intensified its fight against high inflation, raising its key interest rate by three-quarters of a point, the largest hike since 1994.
MIXED RESULTS?
Analysts predict the jeans maker’s fiscal second-quarter earnings were unchanged from a year earlier, even as revenue increased. The company posted improved earnings and revenue for the first quarter ended in February. Levi Strauss has benefited from growth in its direct-to-consumer and e-commerce businesses, though it has had to grapple with supply chain constraints.
ALL ABOUT JOBS
Economists predict employers added about 263,000 jobs last month. That would be down from the 390,000 jobs added in May, which helped keep the unemployment rate at 3.6%, just above the lowest level in a half-century. The economy’s hiring gains have been strikingly consistent in the face of the worst inflation in four decades and sharply rising interest rates.
Nonfarm payrolls, monthly change, seasonally adjusted:
Jan. 504,000
Feb. 714,000
March 398,000
April 436,000
May 390,000
June (est.) 263,000
Source: FactSet
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