{
  "id": 270631,
  "title": "Federal Reserve: Fed focus shifts to jobs – ABN AMRO",
  "url": "https://urgent.news/2026/08/07/federal-reserve-fed-focus-shifts-to-jobs-abn-amro",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T15:15:41.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/federal-reserve-fed-focus-shifts-to-jobs-abn-amro-202608071515"
  },
  "original_language": "en",
  "account": "ABN AMRO's Chief Economist, Nick Kounis, has pointed out a shift in the Federal Reserve's focus towards jobs following a decline in the US labour market. The Nonfarm Payrolls fell by 23K in July, with downward revisions to previous months resulting in a mere 20K average monthly gain in employment. Falling labour force participation, while partly structural, often signals cyclical weakness in the labour market. The data suggest that some recent payrolls strength may have been temporary. This could prompt the Fed to prioritize employment concerns, although ABN AMRO still anticipates the central bank to maintain a hold on monetary policy. High inflation still poses risks, leading to a potential hike.",
  "summary": "ABN AMRO’s Chief Economist Nick Kounis highlights renewed US labour market weakness, with Nonfarm Payrolls falling and household employment data softening. He notes the unemployment rate declined as labour force participation dropped to multi-decade lows, signalling cyclical weakness.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Sky News",
        "title": "Trump renews bid to fire Federal Reserve governor",
        "url": "https://urgent.news/2026/08/07/trump-renews-bid-to-fire-federal-reserve-governor",
        "published": "2026-08-07T18:21:00.000Z"
      },
      {
        "outlet": "Al Jazeera",
        "title": "Donald Trump renews effort to fire Federal Reserve governor Lisa Cook",
        "url": "https://urgent.news/2026/08/07/donald-trump-renews-effort-to-fire-federal-reserve-governor-lisa-cook",
        "published": "2026-08-07T23:40:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}