BOFA STICKS WITH FED HIKES DESPITE WEAK JOBS US payrolls fell 23,000 in July, with prior months revised down by another 103,000. Unemployment dropped to 4.1%, while wage growth slowed to 3.2% and labor-force participation slipped. Despite weaker hiring, Bank of America still expects the Fed to raise rates by 75 basis points this year, starting in September. BofA says inflation remains the Fed’s primary concern.(*Walter Bloomberg)