Getty Images; Chelsea Jia Feng/BI
- It seemed the economy was in for a soft landing as inflation slowed and job growth stayed strong.
- The latest jobs report threw all that into question, coming in much weaker than expected.
- The pressure on the Federal Reserve is rising; some say it waited too long to cut interest rates.
The July jobs report has thrown the economy's soft landing into question — and the Federal Reserve is taking the heat.