US Federal Reserve eyes rate hike as June jobs data approaches

The U.S. labor market report due this week is expected to add about 110,000 jobs in June, a figure that could prompt the Federal Reserve to raise interest rates again if the economy continues to show strength. Inflation remains above the Fed’s 2 % target, keeping policymakers focused on curbing price growth.

Fed officials have warned that inflation is still too high, and markets are reacting to the prospect of tighter policy. Global asset prices are volatile: gold prices have slipped, while oil prices rose after Iran announced it would not join technical talks with the United States. Analysts see these developments as potential "bottlenecks" that could pressure the worldwide economy.