The US economy grew more slowly than initially expected in the second quarter, while a separate report revealed that job creation is slowing. The slew of disappointing economic data raised the probability that the federal reserve will press the pause button in its efforts to rein inflation.

Weak US data fuels speculation of Fed rate pause

The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation while indicating a sharp increase could be needed before the end of the year.

US Federal bank signals more rate hikes, other banks follow Fed & pause hikes | World DNA

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Weak US data fuels speculation of Fed rate pause

US Federal bank signals more rate hikes, other banks follow Fed & pause hikes | World DNA