cnbc.com / .cnbc-com-economy

State and local government job growth boosted the U.S. labor market in June.

Nonfarm payrolls were expected to increase 110,000 in June. The unemployment rate was forecast to rise to 4.3%.

A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking for employment.

Economists polled by Dow Jones forecasted an increase of 100,000 for the month.

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

While any movement on interest rates seems improbable, the meeting will feature important signals that still could move markets.

Retail sales fell 0.9% in May, worse than expected as consumers pulled back

President Donald Trump's tariffs have yet to show up in any of the traditional data points measuring inflation.

Policies risk creating "a snowball effect" that pushes Britain's £105 billion-a-year interest payments higher, experts told CNBC.

Shipments of commodities, cars and metals to the U.S. from Britain all dropped sharply in April.