Jobs report boosts Fed rate-hike case, inflation remains key
A surprise rise in US hiring strengthened the case for the Federal Reserve to raise rates at its meeting later this month. Nonfarm payrolls in August topped estimates; unemployment held at 4.1%; a hike is still not guaranteed.
A surprise jump in US hiring last month has bolstered the case for the Federal Reserve to raise interest rates when they meet later this month, but a hike is still not guaranteed.Nonfarm payrolls in August topped all estimates in a Bloomberg survey, and the unemployment rate held steady at 4.1%.
Th…