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US jobs report beats all expectations, boosts case for a September hike
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https://think.ing.com/articles/us-jobs-report-beats-all-expectations-boosts-case-for-a-september-hike/
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4 itemsING THINK
US jobs report beats all expectations, boosts case for a September hike
The US jobs report released today has exceeded expectations, with 162,000 jobs added in August, which bolsters the argument for a potential rate hike by the Federal Reserve in September. Per the full note from ing-think, the labor market showed resilience, prompting markets to increase their forecast for a rate adjustment. However, with the highly anticipated inflation report scheduled for next week, attention remains fixated on whether the Fed will act based on this latest data. Overall, the stronger labor figures provide a favorable backdrop for the dollar, setting the stage for potential volatility ahead.
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Firm US jobs numbers boost rate hike chances, but lack of breadth remains a concern
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