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 increase in U.S. hiring last month has strengthened the case for the Federal Reserve to raise interest rates when policymakers meet later this month, although an increase is still not assured. Nonfarm payrolls in August exceeded every estimate in a Bloomberg survey, while the unemployment rate was unchanged at 4.1%.