The Fed Just Got 1 Big Reason to Raise Rates. This Week Could Deliver Another.
Friday's CPI report could end up locking in a Fed rate hike next week.
Overview
Last week, the Federal Reserve got one big reason to consider an interest rate hike at its September meeting. This week could give it one more.
The August non-farm payroll report showed that the U.S. economy added 162,000 jobs. This was sharply higher than the upwardly revised 21,000-job gain in July and nearly triple its forecast number.
Details
The labor market has been mixed for most of the past year. But the August report could change its characterization from "stagnant" to "resilient."
Source
Originally published at www.fool.com.
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